#bitcoin - price update: ⚠️⚠️⚠️
The short term price action is very tricky. It was very hard to anticipate the last pump from 93k to 100K.
The current price of $BTC is clearly neutral and the battle between bulls and bears is very strong between the $92,000 and $100,000 levels!
We can also clearly a noticed DOJI on the weekly candle!
However, as explained in my previous analysis, in the medium term I think the bearish correction is not over!🚨
Following my previous analysis; Here are the essential points to observe:📉
🔶Oversell area Monthly / Weekly⚠️
🔶Bearish breakout & retest of the Flat Kijun daily (99,500$) ✅📉 (usually indicate sell signal & continuation move - 50% fib)
🔶Strong bearish rejection daily
🔶40 days uptrend channel (breaout & retest) ⚠️
💡I think a lot of traders have been tricked in recent days. (myself included). Don't hesitate to reduce your targets!
As we approach the yearly close, we should see a big break with an acceleration in volatility!
Refer to the supports & level mentionned in my previous view!
🔔Bearish setup invalidation in case of DAILY CLOSE above 99,500$
Are you bearish or bearish? 🐻 🦬
