Are Bulls Losing Track On 47k?

Weekly Time-frame

We are about to cross the 0.618 $46,669 and encounter the next resistance $46,866. Potential rejection or it can be a next rally to the upside.

1D Time-frame

We are ready for a massive drop but if the supply zone breaks this can be the next rally to the upside. Demand zone is holding up 0.236 $45,137

4H Time-frame

Triple top will be super bearish if we get a rejection in the supply zone we can expect more to the downside. If we break the supply zone We can create a new high.

1H Time-frame
How to trade
BTC short position
entry $46669
entry $47342
SL 1-5% $48318
leverage 20x
TP 1 $46195
TP 2 $45722
TP 3 $45137
TAYOR
DYOR
NFA

We will discuss more on the possibility on our Live. Stay tune and check with us!

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Disclaimer: Above Technical Analysis is pure educational information, not Investment Advice. The information provided on this post does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.