H4 time frame.
Structure: Downtrend is confirmed.
The price broke strongly the support level of 43000 and created a new bottom, but consecutively long-tailed candlestick signals refused to drop.
The possibility that the current 43000 price level is already a resistance will have another retest and a sell signal to continue with BTC.
The next downside price target is the 38000 zone.
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Wish you all have a good trading day!
Structure: Downtrend is confirmed.
The price broke strongly the support level of 43000 and created a new bottom, but consecutively long-tailed candlestick signals refused to drop.
The possibility that the current 43000 price level is already a resistance will have another retest and a sell signal to continue with BTC.
The next downside price target is the 38000 zone.
-----------------------------------------------------------------------------------------------
Wish you all have a good trading day!
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