📉 "After a sharp decline, BTC has now rebounded and is currently trading at $103,444. The bias remains bearish as long as the price fails to close above the PDH (Previous Day High).
> The likely scenario is that BTC will trade sideways, consolidating within the range of the PDH and PDL (Previous Day Low). Essentially, BTC is forming a base, following a classic Drop-Base-Drop pattern. However, should BTC manage a decisive close above the PDH, the bearish bias will be invalidated.
> Keep a close eye on BTC for further confirmation.
> The likely scenario is that BTC will trade sideways, consolidating within the range of the PDH and PDL (Previous Day Low). Essentially, BTC is forming a base, following a classic Drop-Base-Drop pattern. However, should BTC manage a decisive close above the PDH, the bearish bias will be invalidated.
> Keep a close eye on BTC for further confirmation.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.