BTC 16/10 Update ✅

The weekly chart has closed with a star evening pattern, confirming that the pullback has stopped and indicating the beginning of a downtrend. This is further supported by the RSI showing lower highs, along with relatively strong selling volume, while the MACD continues to show no signs of switching sides. This suggests a potential opportunity to buy.

On the H4 timeframe, there is buying power, and it closed overnight at 26,953. There is a possibility of retesting the 27,690 level later in the night, with a further decline to around 28,000, in line with the weekly frame.

If the market manages to close above 28,000 on the H4-D1 timeframe, it could turn extremely bullish.

For margin trading, consider shorting BTC around 28,150.

In the spot market, consider entering to buy again when BTC reaches around 24,000."

Please note that this information is related to cryptocurrency trading and should not be considered as financial advice. Always conduct your research and consult with a financial professional before making trading decisions.