In the 45-minute timeframe, Bitcoin is showing a Bearish Rising Wedge pattern, hinting at a possible shift in trend direction. This pattern features converging trendlines and a weakening RSI, supporting the bearish sentiment. Furthermore, the breach of the resistance line solidifies the bearish stance. Traders are advised to be vigilant, exploring short-term selling possibilities or implementing risk management techniques.
SHORT
ENTRY: Current Market Price - 66602.80
TAKE PROFIT TARGETS:
- 65691.10
- 63646.55
- 61215.24
