$BTC price update: ๐Ÿ“‰ โš ๏ธ ๐Ÿช™

๐Ÿ‘‰ According to daily TF Currently, I see a bearish breakout and retest โœ…โœ…

๐Ÿ‘‰The 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).

๐Ÿ‘‰SHORT TERM VIEW:

On my last 4h view, we can clearly see that the price formed a bearish flag (trend continuation pattern) ๐Ÿ“‰!

๐Ÿ‘‰The price has just broken out of this pattern and re-entered the downtrend channel.

๐Ÿ‘‰We should logically see the downtrend continue towards $56,900? ๐Ÿ“‰๐Ÿ‘€

๐Ÿ‘‰For 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!]

๐Ÿ‘‰If the price fails to hold above the $56,000 support level, it should fall sharply towards $53,000! ๐Ÿšจ

NOTE ๐Ÿšซ ๐Ÿ‘‰As long as the daily price remain stuck below 65 000$ this scenario remain valid.

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