Today I want to share my analysis of $BTC 's Long-term trend.

Technical analysis using: Supply and demand, Relative Strength Index(RSI), multi-time frame (MTF), and Elliot Wave. and observe the Gold market and DXY (US dollar Index)

- MTF: If we look at the 1-day graph, we will see that the price breaks the strong support trendline and retreats, dropping more to 60,000 prices.

- supply and demand: we look carefully at the highest price of BTC, it try break the supply zone again and again but fail, and RSI it back to the sell zone too.

- Elliot wave: the BTC price completed the 5 main waves (Motive waves )and now it is time to create the ABC corrective waves.

If we compare $BTC Price to GOLD. we can see that both prices try to complete the retreat price (corrective wave).

If we look at the US Dollar Index. the price is still on an up-trend and makes another market drop the price.

from my view analysis, I thought $BTC would drop the price to 60,000 and 56,000.

Thank you, BOYLOY.👍