BTC Losing Bullish Momentum
Updated
BTC Losing Bullish Momentum
In our previous analysis, BTC performed as expected, creating a correction.
This was the ideal scenario before the onset of a bearish wave.
Today, the release of the US PCE data could potentially drive BTC lower.
Last night, BTC tested the 61K resistance zone, which was close to our reversal zone, increasing the likelihood of a bearish movement.
If everything goes as anticipated, BTC should test the 56.1K and 50K levels.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
In our previous analysis, BTC performed as expected, creating a correction.
This was the ideal scenario before the onset of a bearish wave.
Today, the release of the US PCE data could potentially drive BTC lower.
Last night, BTC tested the 61K resistance zone, which was close to our reversal zone, increasing the likelihood of a bearish movement.
If everything goes as anticipated, BTC should test the 56.1K and 50K levels.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Trade closed: target reached
BTC - target reached and it should move down more
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