The price is moving within a downward channel, indicating a bearish trend.
Multiple Break of Structure (BOS) points confirm ongoing downward momentum.
A possible short (sell) setup is illustrated, expecting the price to:
Retest the upper boundary of the channel (around 106,541)
Overall, this analysis anticipates further decline in Bitcoin’s price.
Multiple Break of Structure (BOS) points confirm ongoing downward momentum.
A possible short (sell) setup is illustrated, expecting the price to:
Retest the upper boundary of the channel (around 106,541)
Overall, this analysis anticipates further decline in Bitcoin’s price.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.