BTCUSDT

Hi guys

For Bitcoin, if the short-term uptrend line remains intact, the possibility of a continuation of the uptrend is strengthened.

Due to the issued negative divergence and price compression in the upward trend, the weight of a downward-corrective trend is currently high.

What do you think?

Comment:

The price reductions that we had and now we see in the form of shadows of candles, have caused the support areas to be consumed.

It seems that the possibility of continuing the downward trend to the price area of $59,000 is not far from the mind.
Especially since the net inflow of Bitcoin ETFs decreased relatively much the previous day. Of course, the capital inflow trend is still positive

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If the current trend is above the purple resistance range ($70724.3), the possibility of an upward trend similar to the scenario will be strengthened.

📌 If the purple resistance area is not completely consumed; The previous bearish scenario is still valid.

According to the analysis, we had a downward trend of 15%


t.me/Bit_bingo
You can follow more analysis inside the channel