As we can see, there was one during the Asian session, which led the currency pair to a brief decline towards the lower boundary of the . We now have two more Shooting Stars which are able to drive BTC price to the lower side of the formation, as there is a sort of channel trading now, which is natural for such situations when the price is within the .
The lower boundary of the coincides with the $9,200 support line. If Bitcoin price goes there, BTC /USD will test this line and we advise readers to look for signals close to the . If the candles indicate reversal, the price will probably rebound from the support and go upwards. If there are no signals and BTC price falls below the support, BTC /USD will probably move to meet the descending .
There is another scenario, where Bitcoin fails to fall towards the and breaks through the upper boundary of the without any further correction. Then, it is going to test the $9,440 area.
As for the , the midterm picture had no significant changes. However, we can see that the upper boundary of the held BTC price above the formation and there is probability for the development of an upside tendency.
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