$BTC - daily price update:📊
The price turned bearish on the daily but it hasn't confirmed the breakout of the channel.
Daily pressure was very strong and it managed to close above $54,000 and the channel's lower limit!
As mentioned in my long-term analysis, the 49,000-51,000 area will probably mark a long-term bottom before BTC explodes higher. (Retest of the weekly break and the previous ATH of 2021!
➡️For the long term, as long as prices remain above $48,000, I'll remain bullish📈
➡️The current price is very neutral in H4.
it is now retesting a possible daily bearish break. The $58,000-$59,600 zone should push prices back down again.
For market sentiment to improve, I think a clear break of the $60,000 mark is necessary, but it will be difficult on the first try!
I think the price is forming a bear flag (H4 - H2) (bearish continuation pattern). It should fall back towards the $54,000 or even $52,000 area. 📉
As long as the price remains in this resistance zone and doesn't break the $60,000 mark, I recommend not FOMO buying, but rather short!🚨🚨🚨
I shared a possible scenario in the charts. #DYOR
