Short

BTCUSDT looking bearish.

Updated

Trying to form Head and Shoulder pattern in higher time frame. Next support is 30-31k. If it falls below 29k, chances are there to go to around 20k because of H&S. Bullish if goes above 42-44k. NFA. Educational purposes only.

Note

Currently looks like 30-31k will be the last dip as seen from daily RSI. It has been moving below the resistance line since January and I believe the bottom RSI is already reached (which was around 25 during mid-May).
Image: s3.tradingview.com/snapshots/5/5S9rhXOV.png

Note

Please check the new idea that I have published. Currently below 30k looks unlikely.

trader5319

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