BTC Short Term Sell Forecast

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Looking at Bitcoin, for more short term bearish price action.

We can see currently price is forming a larger ascending structure reversal on the mid time frame.

Within the correction, there are a few more bearish development that can strength the downside possibility.

After price reaching previous swing highs, no further bullish price action to push higher, instead, reversal corrections formed and impulse the price down.

Now price is at the bottom of the larger ascending structure, and once again consolidating. Good signs for further continuation price action.

Watch for confirmations on the lower time frames to see if the bearish correction can impulse down the price even more.

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ملاحظة

Price has confirmed the downside move

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ملاحظة

Price has confirmed and hit the previous lows.