๐ค๐๐๐ ๐๐๐๐ ๐๐๐๐ผ๐๐ฟ ๐๐๐๐ 8$ ๐๐๐ฟ๐ ๐ผ๐๐ฟ ๐๐๐๐ ๐พ๐๐๐๐ ๐๐๐๐ ๐๐ ๐๐๐ ๐ ๐๐๐๐๐๐ฟ ๐๐๐๐๐๐ฐ๐ค๐ธ
$BTC - Price update:
On my last macro TF analysis, I called for a short term bullish reaction before another low! โ
๐ทHere we are: ๐
I warned you around the 70 000$ zone that that the price of #bitcoin was going to fall because we were in an overbought zone!
What's more, this retracement zone corresponded to the daily bearish retest of the 50% fiber!
๐ทThe current price seems to be moving into the blue bearish channel and looks set to retest the lower daily uptrendโ๏ธ
๐ดAs long as the downward trend pushes prices down, BTC will fall! [blue one]!
๐ดBearish breakout H4โ๏ธ
๐ดSell alert Daily --> The lagging span will probably test the SSB levelโ๏ธ
๐ฏImportant supports to watch on:
-58 000$ zone
-57 000$ zone (H4 support)
-56 100$ - 56 000$ ๐
this support zone will be a very strong one.
It correspond to the flat Tenkan weekly & potential D1 uptrend retest โ๏ธ
๐ถIn any case, my previous medium- to long-term analysis remains validโ
As long as there's no daily close above $67,500, I think we'll see a stronger correction! ๐
Zooming in on the monthly chart, the BTC price could correct towards $49,000 - $50,000.
This potentially corresponds to the bottom of the downward correction before a new rise! ๐๐?
The next few days will probably be red for #Bitcoinโ๏ธ
#bitcoinhalving #BTC๐ช๏ธ #DYOR!!