MORE FALL IN THE SHORT TO MIDDLE TERM
We can se now that Bitcoin failed to recover from the accumulation zone it was before, and the market decided to continue dropping to lower levels.
In my humble opinion i think that Bitcoin will continue its fall to the closest higher demand zone pointed out in the orange rectangle in the bottom. This is also confirmed by the Moving Average indicators and the MACD indicator (as in the daily temporality points out a death cross).
Always trade with an optimum risk management strategy, see you later Tradingview community, have a good day...
In my humble opinion i think that Bitcoin will continue its fall to the closest higher demand zone pointed out in the orange rectangle in the bottom. This is also confirmed by the Moving Average indicators and the MACD indicator (as in the daily temporality points out a death cross).
Always trade with an optimum risk management strategy, see you later Tradingview community, have a good day...
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