📊 Technical Analysis
▪️BTC/USDT Timeframe D1
The Bears started to act when#BTC07/23 was a long red candle, with two short shadows, price closed close to the bottom + volume increased.
It only shows us that the selling pressure has become stronger, while the main trend is still up. Currently #BTC's wave structure is creating a Higher Low bottom, Futures consider closing short orders here.
The wave structure is bullish so the main plan is to wait for Long at the support below.
▪️BTC/USDT Timeframe H4
Last night, there was an H4 Marubozu tree that crashed hard and broke down the support zone at $66.0xx, followed by 2 H4 trees that fluctuated in amplitude, forming a sideways and accumulating state.
The selling force is increasing so I do not expect a pump to $70k in the next few days. It is expected that#BTCwill run a head and shoulder pattern, with a new Higher Low at $64.9xx and the right shoulder peak at $67.1xx
Is this option feasible or will#BTCpump straight to $70k?
Everyone please give your opinion!
▪️Milestones to pay attention to: 60000 - 62500 - 65600 - 66400 - 68300
* The above is purely personal opinion, not investment advice!
