I was watching for this bearish flag few days ago and this is gonna be completed soon. 30600 or green line has become a rough resistance for btc and has been rejected over 5 times. (highlighted points.) it is also moving on long term resistance black line. first we know btc will drop to 24k for 70 percent sure. but there is also another point to consider and it is that this is a critical and crucial point for btc and there may be a manipulation by whales and exchanges to create liquidation. btc is not in a good condition while it closed another red weekly candle and has failed to take back 30k so far. so in my opinion btc will drop to 24k first as rsi is getting close to drop to oversold region on weekly chart. what is clear is that btc will retest its new support at 26k and after that its way can be defined. if u wanna take risk at this point u can open short position between 30600 and 29300 with 3x and set SL at 32100.
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btc just hunted our SL. I hope u did not set SL if u opened the position. as I mentioned 30k is a critical point and we could see a lot of liquidation on purpose.
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btc retested its new support at 26800 as I expected after a long time. it bounced from here and we can decide after a couple of days to see the next move
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btc hit our target and reached to support line