๐ ๐๐ถ๐๐ฐ๐ผ๐ถ๐ป ๐ง๐ฒ๐ฐ๐ต๐ป๐ถ๐ฐ๐ฎ๐น ๐จ๐ฝ๐ฑ๐ฎ๐๐ฒ: ๐ฃ๐ผ๐๐ฒ๐ป๐๐ถ๐ฎ๐น ๐๐ผ๐๐ป๐๐ฟ๐ฒ๐ป๐ฑ ๐ผ๐ป ๐๐ต๐ฒ ๐๐ผ๐ฟ๐ถ๐๐ผ๐ป ๐ฅ
Bitcoin has retested the 1-day trendline but failed to break above, signaling possible bearish momentum. On the 4-hour timeframe, BTC broke through the trendline/channel and confirmed a bearish flag breakoutโa potential indicator of further downside.
๐ง Market Outlook and Strategy
Given the failed breakout on the 1-day trendline, I'm currently inclined toward a short position. However, Iโm watching for the following signals to confirm the trend:
๐จ Next Steps
If the expected drop in volume occurs at the session close, it could confirm the bearish signals, increasing the likelihood of further price decline. Iโll stay cautious but ready to act if technical indicators align.
