Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
Bitcoin has been extremely volatile lately, jumping from 18K to 20K and back again in only a day. This is where lots of positions get shaken out and I would be EXTREMELY cautious to trade leverage now.
A quick look at the technical analysis - using the technical indicator Phoenix Ascending. This includes momentum , EMA , RSI and LSMA . With the Red RSI leaning towards the lower side, it seems the most probable to head lower for the short term. The LSMA is also bearish. From a candlestick analysis, it is important to close above the support zone. If we close UNDER the support zone , this means trouble and probably more bearish price action. We see high volume on the red candles, this indicates that lot's of people are willing to sell at this zone.
Interested in an altcoin with massive upside potential? Check out this fractal on OMGUSDT :
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I absolutely love your analysis! And I agree, BTC is in a kind of limbo zone right now; but I think a reversal is very probable and we may see it reaching 25k by the end of the year.
Thanks for your precious time, best of luck.