Bitcoin is Ready to Fall===>>Symmetrical Triangle

May 31, 2024

Bitcoin has managed to break the lower line of the ascending channel and is moving in a symmetrical triangle.

We can also see the Sell signal between 50_SMA(Daily) and 100_SMA(Daily) in the chart (it is a bearish sign).

I expect Bitcoin to break the lower line of the symmetrical triangle and fall to the targets I have specified in the chart.

Important Support Zone($69,500_$68,820): Monthly Pivot Point//Fib Cluster//100_SMA(Daily)//50_SMA(Daily).

Note: An important point you should always remember is capital management and lack of greed.

Bitcoin Analyze (BTCUSDT), 4-hour time frame ⏰.

Do not forget to put Stop loss for your positions (For every position you want to open).

Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.

Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.

May 31, 2024

Trade active

Jun 2, 2024

Note

Still valid

Jun 3, 2024

Note

if BTC is able to break the resistance zone, we can expect BTC can touch the $72000