UPDATE #BTC DUMPING 🚨🚨🚨
#bitcoin BEARISH Continuation
After retested 66K's a couple times and fell off, next support is by 65,1K if it cant hold this it goes down.
Bitcoin has rejected from the Range High of the Re-Accumulation Range.
The classic bearish descending triangle playing out, is continuing to stair step down.
The liquidation to 65k was way too tasty for whales to leave untapped.
BTC could have a short-to-mid-term downward correction of 5% from its current trading price 65.480
Majority of market is shorting BTC is still above the short term realized price, It flips bearish below this level even on the LTF.
Current Price : $ 65,480
Fear & Greed Index : 74 (Greed)
Sentiment : Bearish
Volatility : 2.33%
Green Days : 15/30 (50%)
50-Day SMA : $ 65,842
200-Day SMA : $ 55,617
Entry price is 67.500 - 68.000
Target price is 64.000 - 61.000
Stop loss price is 70.000 -71.000
Leverage 20x
Don’t forget to set stop loss, Always follow your trading plan regarding entry, risk management, and trade management.
Disclaimer: Any content in this text does not constitute investment advice. This text provides an objective description of the market situation and should not be considered an offer to sell or a solicitation to buy.
DYOR
NOT FINANCIAL ADVICE
