$BTC 👀👀 What now? Worst case Scenario!
My view and My levels!
BTC back again to 67222$ after the attempt for 70k got rejected!
Chart 1: The latest plan for Bounce from 67222 to 70222 was almost completed, but got rejected before 70k.
Now Big Daily Picture start to have big tension because we are close to the ATH.
Fear and Greed index is at 74 which need to be considered.
We are close to the range High and here the R:R for long is very bad, which mean we can have a run for the late longs Soon.
Chart 3-4: Weekly TF.
Last candle close very big Bullish candle and now the new one just make new High and touch the Trend line where we are rejecting for now. Which is sign of weakness.
There is a possible for a Bearish Engulfing of the big candle which can bring Price back to 62k which will take out the late longs and will be Painfull but probably will be fast.
Simple: Possible Correction to 62k which is the worst case scenario. 67222$ is the Important Level here.
Bullish view Bulls to start new push from here towards 70k and to reclaim the trendline. Let see what will happen!
