BTC broke down from the respected trendline that was formed on the 11 Nov on the hourly time frame. Could this be a bear trap? BTC still setting higher low though. Now for the bearish scenario i would anticipate more downside to come as on the daily chart we have a large falling wedge pattern. Im looking at 16438.74 for a relief bounce. if that plays out.
BTC 1H & Daily
BTC 1H & Daily
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