BTC → still is bearish
hello guys.
as I published before.
Descending Channel: The price is trading within a downward channel, indicating a short-term bearish trend.
Upside Rejection: Attempts to break above the upper boundary near $59,000 failed, suggesting resistance.
Downside Target: If the price continues to follow the channel, it may target the lower boundary near $54,000.
Key Levels:
__________________________
✓✓✓ Always do your research.
❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them.
❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
as I published before.
Descending Channel: The price is trading within a downward channel, indicating a short-term bearish trend.
Upside Rejection: Attempts to break above the upper boundary near $59,000 failed, suggesting resistance.
Downside Target: If the price continues to follow the channel, it may target the lower boundary near $54,000.
Key Levels:
- Resistance: $59,000
- Support: $54,000
- Outlook: Bearish momentum with potential downside extension towards the lower support zone. Watch for any break below $54,000 or above the channel for trend reversal signals.
__________________________
✓✓✓ Always do your research.
❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them.
❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
Trade closed: target reached
👉 my broker:: bit.ly/HYMCMELI
____
telegram channel: t.me/melikatrader94
forex telegram channel: t.me/melikatrader94GoldForex
____
telegram channel: t.me/melikatrader94
forex telegram channel: 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 broker:: bit.ly/HYMCMELI
____
telegram channel: t.me/melikatrader94
forex telegram channel: t.me/melikatrader94GoldForex
____
telegram channel: t.me/melikatrader94
forex telegram channel: 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.