$BTC price update: ๐ โ ๏ธ ๐ช
๐ According to daily TF Currently, I see a bearish breakout and retest โ โ
๐The price will probably test the 57000$ - 56800$ support zone in the short term. If the price doesn't react on this support zone then it will test $56,000 (big weekly level).
๐SHORT TERM VIEW:
On my last 4h view, we can clearly see that the price formed a bearish flag (trend continuation pattern) ๐!
๐The price has just broken out of this pattern and re-entered the downtrend channel.
๐We should logically see the downtrend continue towards $56,900? ๐๐
๐For the MEDIUM TERM/ LONG:
I think the price will retest the daily / weekly uptrend and find support around the 48k - 51k levels! [It could take Few weeks!]
๐If the price fails to hold above the $56,000 support level, it should fall sharply towards $53,000! ๐จ
NOTE ๐ซ ๐As long as the daily price remain stuck below 65 000$ this scenario remain valid.
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