#BTC/USDT Bearish in short term Target $19.2k, Here's why!

BTC is likely to retest circle shown in this chart.
Reasons:-
1. The late longs are trapped. ✅
2. PA shows potential to be retesting the lower support of the channel. ✅
3. $19.2k to $20.5 is the important area of intersection. ✅
4. 50 MA support is around $20.5k bulls need to defend this level. ✅

INVALIDATION:- This chart will be invalidated if the price closes above $21,865.

This is not a financial advice. DYOR before taking any trade decisions.

Do let me know what you think in the comment section.
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Thank you


#PEACE

Trade active:

Perfectly followed, since the impulsive wave was too quick we have a higher retest price.
If BTC prints some green candles here on the resistance turned support trendline,
I think $20.3k would be a good point to long.