Alhamdulillah ❤️
Yesterday we analyzed $BTC chart and marked $94,900 as a rejection level but market didn't give respect to it. Here is next expected price action of #BTC :-
Look at 1H TF chart of #bitcoin . Buying Climax is forming. Next bar closed down showing weakness in market. But demand is still present. We are bearish on market yet. If no demand/Upthrust formed it will add confirmation to our bearish market analysis. Here is why we are bearish on #Bitcoin❗ :-
First reason is liquidation that drive market. Most of liquidations of #BTC☀️ are present at lower levels like $94,600 & $93,300 && $92,250 level. Maximum chance market go down to liquidate late longers.
Second reason is buying climax that we have already discussed above. Upthrust/No demand will add confirmation to it.
Final decision is that we can see dip UpTo $94,600 and $92,250 level. If you find this post helpful then don't forget to like post and follow for more updates.
Note:- It is not a financial advice do your own research before investing.
