BTC SHORT IDEA
BTC price action has been in a bearish trend for weeks now, and we have been speculating a trend reversal for some time, we thought the NpF news on Friday would help but the bears still took control of the market, so until we spot a good and clear trend reversal setup we're still Bearish.
Currently BTC is forming a bearish flag pattern on 1HTF just above our strong Support zone, if price breaks down the support then the 49k zone is where we have the next strong support as I've shown in the price range I drew, from my 4HTF technical Analysis we're expected to reach 49k in the coming days or weeks. But I still need further confirmations before taking that setup, thats why I set the Tp on the 52k support.
Also I have a Bullish perspective on BTC too which isn't yet conclusive. So ill be watching closely and dropping updates here in the coming days on further Direction.
Currently BTC is forming a bearish flag pattern on 1HTF just above our strong Support zone, if price breaks down the support then the 49k zone is where we have the next strong support as I've shown in the price range I drew, from my 4HTF technical Analysis we're expected to reach 49k in the coming days or weeks. But I still need further confirmations before taking that setup, thats why I set the Tp on the 52k support.
Also I have a Bullish perspective on BTC too which isn't yet conclusive. So ill be watching closely and dropping updates here in the coming days on further Direction.
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