BTC → still is bearish
Updated
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 recommended broker:
bit.ly/HYCM-M
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👉my recommended exchange:
bit.ly/LbankMelika
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My telegram channel:
t.me/melikatrader94
bit.ly/HYCM-M
__________
👉my recommended exchange:
bit.ly/LbankMelika
__________
My telegram channel:
t.me/melikatrader94
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