According to the previous analysis, as expected, after the formation of the right shoulder, the fall of Bitcoin continued until 22800, but a strong downward momentum has not been formed in this correction, and the downward waves are still accompanied by demand, and in the lower time frames, the divergence in the price decline and its intensity can be seen.
In case of continued demand and the formation of a return candle with a suitable volume in this area, the upward scenario up to the upcoming resistances can be considered stronger, but in case of loss of this area, it seems that we will witness a stronger fall acceleration because there is a relatively long distance to the support areas. exists and can return the formed news candle with the same speed.
In case of continued demand and the formation of a return candle with a suitable volume in this area, the upward scenario up to the upcoming resistances can be considered stronger, but in case of loss of this area, it seems that we will witness a stronger fall acceleration because there is a relatively long distance to the support areas. exists and can return the formed news candle with the same speed.