The initial bounce we saw 24-Jan. for Bitcoin is losing steam.
This bounced pushed prices up to $38946 on the 26th of January when a strong rejection candle on high bear volume showed up.
Nowe we have a local downtrend.
This is a short-term analysis.
The next target is the yellow space.
The last two lows will work as support.
Note: This analysis is invalidated on a rise and close above the EMA10 green line.
This is not financial advice.
Thank you for reading.
Namaste.
This bounced pushed prices up to $38946 on the 26th of January when a strong rejection candle on high bear volume showed up.
Nowe we have a local downtrend.
This is a short-term analysis.
The next target is the yellow space.
The last two lows will work as support.
Note: This analysis is invalidated on a rise and close above the EMA10 green line.
This is not financial advice.
Thank you for reading.
Namaste.
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