BTC is Still Bearish
Bitcoin's larger structure is bearish, and we also recently had an mCH on the chart. Bitcoin is now trading below a downtrend line.
It is expected to sweep sell orders after reaching the supply range and then drop downwards.
Closing a 4-hour candle above the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
It is expected to sweep sell orders after reaching the supply range and then drop downwards.
Closing a 4-hour candle above the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
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