There is a bearish pattern in the Bitcoin price chart, the $ 45,000 and $ 46,000 range is no longer a significant resistance, and if the price reaches that range it will easily break the resistance. The most important bitcoin challenge is in the $ 50,000 to $ 52,000 range This range has both heavy resistance from the past and the current ascending channel ceiling
This pattern is violated when the said resistance is broken on the canal roof with a powerful and large volume candle and does not fall below the range in the pullback, otherwise I will be looking for a sell position in that area.
This pattern is violated when the said resistance is broken on the canal roof with a powerful and large volume candle and does not fall below the range in the pullback, otherwise I will be looking for a sell position in that area.
Comment:
The market needs a short-term correction, be careful of your long positions