BTC: Price action is getting tight!

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The price has undergone multiple retests of the lower boundary of the triangle formation, indicating a weakening trend! Considering the upward momentum observed in the DXY, a break below the triangle formation is expected. In such an event, it is anticipated that the price will reach a minimum of 24.8k. However, if the DXY continues its upward momentum and the stock markets experience further declines, it is conceivable that additional downward movement beyond that level may ensue!

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ملاحظة

Keep an eye on DXY!

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ملاحظة

Yep - It broke down as expected!