BTC is still bearish (1D)

3 dni temu

A resistance flip zone has formed on the chart, we have a bearish CH, and a supply zone has been created.

The common area of the supply and flip zones is a low-risk region for another Bitcoin short.

With these bearish signs, Bitcoin is expected to at least reach the green zone.

A daily candle closing above the invalidation level will invalidate this analysis.

For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You

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Transakcja zamknięta: osiągnięto wyznaczony cel

Ultimately, it dumped further, reached the green zone marked in the previous analysis, and reacted.

Since the last analysis, it has dropped another 7%

The green zone is expected to prevent further drops for a while and push the price toward higher levels.