bitcoin update

Updated

this is my bitcoin idea where i still expect more upside but would trade based on reaction at resistance. at the moment we are still making bullish market structure, going below 60k would make it more bearish

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bitcoin keeps grinding down, without clear wave B(short squeeze). 69k is a sell for me and I still want to see the golden trendline hold as support preferably breaching it as a fakeout to trap more bears

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Fibonacci time tells me the move is likely to happen today-Friday latest

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selling volume going down on this drop

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but longs are going crazy, makes me think we will take the lows here again

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we backtested the channel into resistance, as long as we are below 62500 we are going down most likely around 44-52k, check my previous trading idea uploaded

Trader_Polo

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