Bitcoin Analyze (Short Term, Timeframe 15min,12/07/2022)!!!

BINANCE:BTCUSDT   Bitcoin / TetherUS

Bitcoin has been moving in a descending channel on the 15-minute time frame for over two days.

Also, Bitcoin was able to break the support zone with a long-bodied, high-volume red candlestick (Breakout Candle) and is currently pulling back to the lost support zone and the middle line of the descending channel . (The support zone has now become the resistance zone .).

If you look carefully at the Bitcoin chart in the 1-hour time frame, you can clearly see the Head and Shoulders pattern, which can be a sign of a further fall in Bitcoin .πŸ‘‡

I expect Bitcoin to once again attack the support zone and the lower line of the main ascending channel , and the possibility of breaking this zone is also high.

Bitcoin Analyze ( BTCUSDT ), Timeframe 15min⏰.

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