๐Ÿค‘๐™‚๐™€๐™ ๐™๐™๐™€๐™€ ๐™๐™€๐™’๐˜ผ๐™๐˜ฟ ๐™๐™‹๐™๐™Š 8$ ๐™๐™Ž๐˜ฟ๐™ ๐˜ผ๐™‰๐˜ฟ ๐™‹๐™€๐™‹๐™€ ๐˜พ๐™Š๐™„๐™‰๐™Ž ๐™๐™๐™Š๐™ˆ ๐™ˆ๐™” ๐™๐™’๐™Š ๐Ÿ“Œ ๐™‹๐™„๐™‰๐™‰๐™€๐˜ฟ ๐™‹๐™Š๐™Ž๐™๐™Ž๐Ÿ’ฐ๐Ÿค‘๐Ÿ’ธ

$BTC - Price update:

On my last macro TF analysis, I called for a short term bullish reaction before another low! โœ…

๐Ÿ”ทHere we are: ๐Ÿ“‰

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!

๐Ÿ”ทThe current price seems to be moving into the blue bearish channel and looks set to retest the lower daily uptrendโ—๏ธ

๐Ÿ”ดAs long as the downward trend pushes prices down, BTC will fall! [blue one]!

๐Ÿ”ดBearish breakout H4โ—๏ธ

๐Ÿ”ดSell alert Daily --> The lagging span will probably test the SSB levelโ—๏ธ

๐ŸŽฏImportant supports to watch on:

-58 000$ zone
-57 000$ zone (H4 support)

-56 100$ - 56 000$ ๐Ÿ‘‡
this support zone will be a very strong one.
It correspond to the flat Tenkan weekly & potential D1 uptrend retest โ—๏ธ

๐Ÿ”ถIn any case, my previous medium- to long-term analysis remains validโœ…
As long as there's no daily close above $67,500, I think we'll see a stronger correction! ๐Ÿ“‰

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! ๐Ÿ“ˆ๐Ÿ‘€?

The next few days will probably be red for #Bitcoinโ—๏ธ

#bitcoinhalving  #BTC๐ŸŒช๏ธ  #DYOR!!