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