Bitcoin is a global trend break! Can't avoid falling?

16 авг. 2023 г.

Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information.✅


Small updateBTC friends:

Technically, on the daily chart, the price broke through the global trend line, previously it acted as a support zone, now there is no support, as we can see, and now this trend line is already acting as a resistance level, which can lead to the next scenario very soon...

Suppose the first option, as I wrote earlier, will drop to the 29,000-28,800 zone and from there get an upward impulse to the $29,300-29,500 consolidation zone with a possible update of the local High $30,250

Or the second option: the price will fall below the local LOW of $28,550 and test the support level in the $28,050 zone, moving lower to remove stop orders.

I continue to hold the $29,550 short entry and am bearish for now, although there are a lot of rumors about an impending BullRun...