Today I want to share a negative perspective of the BTC .
There is a rebound after a huge drop from $ 6600.
It is a slight climb as the continuation of the $ 6350 resistance line breaks.
Trading is declining.
I can guess that 'the trading will be low on the weekend,' but the price is rising as opposed to the trading , so it is necessary to doubt that this move may not be a true sign.
The situation of the indicators shown is not positive.
On 11th, dead crosses came out on most of the indicators.
It could be interpretable as the beginning of the decline.
In a situation where there is a rebound, indicators are being restored.
It can be interpreted that this is giving BTC more place to drop again after relaxing the indicators to drop again rather than being interpreted positively.
Why interpret negatively is that ...
Can see the of trading and see certain patterns.
Let's look at the pattern as we have explained above.
The pattern shown on the 1D chart is a .
When the chart is zoomed in, the appears.
The short-term uplift is visible. Adjustment or rebound against the decline.
There is a possibility of an additional drop .
The possibility of
Analysis for .
If you look at the whole picture, it is the shape of the .
In a smaller frame, is visible. Trading is decreasing.
Over time, the price of the will rise.
Assuming the is completed within 12 hours, the range is between $ 6335 to $ 6355.
If the support line is breaking out with a high , please sell if you have a long position and it could be a sign for a short position.