hello guys! let's review what happened in btc and what could happen!
📉 1. Blue Ascending Channel Broken:
Bitcoin has decisively broken below the blue ascending channel, signaling a shift in momentum from bullish to neutral/bearish.
🟥 2. Red Channel Holding as Support (For Now):
Despite the drop, the red ascending channel is still intact and currently acting as support. Price is consolidating right at its lower boundary.
⚠️ 3. If Red Channel Breaks – Expect Strong Downward Move:
A confirmed breakdown below the red channel would likely trigger a significant bearish move, potentially pushing BTC towards the $GETTEX:97K - $96K support zone and possibly lower.
🧭 Conclusion:
We’re at a decision point. If bulls fail to hold the red channel, it could open the door to deeper correction.
📉 1. Blue Ascending Channel Broken:
Bitcoin has decisively broken below the blue ascending channel, signaling a shift in momentum from bullish to neutral/bearish.
🟥 2. Red Channel Holding as Support (For Now):
Despite the drop, the red ascending channel is still intact and currently acting as support. Price is consolidating right at its lower boundary.
⚠️ 3. If Red Channel Breaks – Expect Strong Downward Move:
A confirmed breakdown below the red channel would likely trigger a significant bearish move, potentially pushing BTC towards the $GETTEX:97K - $96K support zone and possibly lower.
🧭 Conclusion:
We’re at a decision point. If bulls fail to hold the red channel, it could open the door to deeper correction.
👉 My recommended broker: bit.ly/HYMCMELI
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
Related publications
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.
👉 My recommended broker: bit.ly/HYMCMELI
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
Related publications
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.