Hi, folks.
I would like to share my opinion on BTC in the low timeframe.As we are aware higher time-frames such as the weekly and monthly indicate a strong bullish trend . However, it's important to note that taking a countertrade position carries higher risk.
Upon an analyzing the chart , it's evident that BTC has formed a bearish pattern on the 4H.there is a possibility for price to move lower , sweeping liquidity before potentially making a new higher move.
It's crucial to monitor the price action around the 72000
ZONE
. If the price manages to break through and close strongly above this level , it could invalidate this analysis.
I would like to share my opinion on BTC in the low timeframe.As we are aware higher time-frames such as the weekly and monthly indicate a strong bullish trend . However, it's important to note that taking a countertrade position carries higher risk.
Upon an analyzing the chart , it's evident that BTC has formed a bearish pattern on the 4H.there is a possibility for price to move lower , sweeping liquidity before potentially making a new higher move.
It's crucial to monitor the price action around the 72000
ZONE
. If the price manages to break through and close strongly above this level , it could invalidate this analysis.