BTC 4H TF Analysis

٢٦ أغسطس ٢٠٢١

BTC / USDT

Btc brokedown the rising wedge we talk about in last analysis and show slight bounce from moving average

Its still early to identify if it was fake breakdown or real one ..but time will tell soon


📌WHAT NEXT ?
I wait price action from here to 48k-49k

1– If there is bearish restest and strong rejection this could mean we go to support levels
First one 44k-45k
second one 42k-40k

2– If price show stability above 49k this will mean the current breakdown is fakeout and we go to 51k-53k

I hope this update will help you to understand situation and deal with it ..

Best wishes 🙏

٢٧ أغسطس ٢٠٢١

ملاحظة

BTC is Testing 49k as expected 🔔