Hello Dear Traders, In Last idea of btc, i was expecting btc will dump frm 30k this time bt somehow bulls came once it tested 28k area successfully sustained above 30k area. btc started a swing rally frm 30k and yesterday we seen once it touched Fibonacci Golden ratio which is 0.618, immediately bears took the control and sell off started again. we don't have to forget tht previous drop frm 41k-28k area is managed by strong bears and btc is still in shadow of bears territory. Don't Get excited when u see a short-term rally upside, its just retracement upside to go down further. In next Idea i will Explain Monthly candle closing of June 2021.
Looks like possible head and shoulders on the daily, and if BTC drops to 30k then it will complete the right shoulder and 20k price projection... going into a 3 day weekend in the USA then I am bearish.