Due to the price reaching the area of overselling and the important resistance of 45,000, we expect the price to move downwards according to the set goals and experience price correction.
Seeing the signs of decline and weakness of the trend, you can enter the shorts deal ...
Time Frame 4h & 1h enter to 15m
R:R 5
* After reaching the first target,...
The price is in the support range and we expect an upward movement. Will the price reach the third target ?!
Please comment on this analysis. Thank you
According to the trend line and previous Bitcoin movements, the price is likely to return to 54,000, and the presence of positive news in the market can also mean that the whales want to sell to others at a higher price for a profit and buy at a lower price.
So if it's not weird news to pump the market, the first target is the line and the price is 54,000.
And...
UPTREND
In the weekly time frame, the price has formed an upward trend
The first wave of ascension and correction
The second wave of the climb has started and we are waiting for correction until the support line