Short

BTC retesting the resistance and May go deeper (25000$- 24000$)

Updated

BTC almost retest the resistance and there is two possible scenario:

1- Best case:
Will support on Fibonacci 0.382. Then retest the 0.236 resistance ( topside of pitchfan and daily resistance at the same time too). I guess after that will move to fibonacci 0.5 level (25200$)

2- Worst case:
Will dump straight to test the fibonacci level 0.618 and center of pitchfan at the same time (near 23900$)

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Near $28200. expecting dump!

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There is a support on $27400.
We need to see the test of that level. BTC will go to 30K if price push back from that level or the short will be valid.

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Exactly as expected. Next stop: $25280

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Important:
We will close shorts on $27500. ( or deciding after NFP)

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BTC may follow S&P500. Community is also bullish, but it's still bearish technically. So shorts are still valid.

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In $26590 we will see how much the market is really bullish.
BTC moves healthy in these days.

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$26590. Welcome to war zone :D

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As you can see we predicted this May 23th. Some people may say its because SEC sues Binance and its fundamental , but its technical. Social medias just doing what they always do.

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This analyze almost done.
BTC may go deeper but im going to find a good PRZ for long entry.
Stay tune ;)

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Ok. Its a bit early to say that but near $25000 could be a PRZ. Let see what will happens on that price. If bulls hold that level, I guess price will push to near 26.6K and fall again to near $23980.
(No rush and wait for confirmations)

Zolfaghari

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