BTCUSD Back to Support zone!/Bearish Prospective

٢٤ سبتمبر ٢٠٢١

BYBIT:BTCUSD
1H trend chart

After price touched Fib(0.5), price had broken out 1st downtrend
and it rallied back to Fib(0.618) which is 43977.
Meanwhile, Fib(0.618) is also a support level in previous price vibration
So consider it as a support zone.

Now, expect BTC could consolidate between 2nd downtrend and support zone
further form a descending triangle, then decide direction for bearish continuation.