#BTC
The descending channel still directs the market movement down, we can work out the bear pennant. As we see, the market fails to consolidate above current resistances. To get a reversal, most likely, we will look for the soil below. 3580 is a good support, but nobody canceled the opportunity to break through the levels below. You should not panic, such drawdowns are noticeable in the entire history of the formation of the graph. Such situations are not the end, but only the opportunity to catch an asset at a low price.
The descending channel still directs the market movement down, we can work out the bear pennant. As we see, the market fails to consolidate above current resistances. To get a reversal, most likely, we will look for the soil below. 3580 is a good support, but nobody canceled the opportunity to break through the levels below. You should not panic, such drawdowns are noticeable in the entire history of the formation of the graph. Such situations are not the end, but only the opportunity to catch an asset at a low price.
In the previous post warned that there are no comfortable conditions for continued growth, right now you can see how the price has stepped down. At the moment we have the opportunity to decline a little more. Support remains at around 3580, but nobody canceled the opportunity to break through the levels below.