- Overall trend: Downward
- Clear corrective structure on BTC chart
- Rising wedge with ABC structure
- Strong bearish hammer on 1H timeframe
- Head and shoulders pattern on higher timeframe
Outlook:
- Bearish scenario more probable
- Potential leg down to $49,000 and $44,000
- Caution advised
Key Levels:
- Support: $49,000, $44,000
- Resistance:
Stay informed, trade wisely.
