I expect the decline to continue and the indicated levels are good targets
Levels specified for me after Breakdown of the descending channel and no change in the trend are valid
A falling trading setup was activated at the ceiling of the range channel
The first plan Moving in the ascending channel and re-attacking $1800
The second plan is to move to the bottom in case of failure
This is how I see Bitcoin behaving
Bitcoin does not have a strong upward trend
In this part, the probability of trying to climb and defeat Trend is very high
But I expect the fall to the specified level!!
In 15 minutes, I expect to continue the downward movement to the specified range
My first expectation is to return to the bottom of the previous suffering channel
Range of 40 thousand
Nasdaq will decline next week
Do not rely on bullish market fundamental analysis
Do not rush to buy!!!!!!!!!!
Any price increase can be an excuse to sell
If the support range is broken, the price will continue to decline
Every uptrend can be a sell position
1.The first expectation is to climb to the previous ceiling
Which, of course, is very likely
2.If the uptrend fails, we expect to try to grow again after reaching the bottom
I think the chart follows this behavior.
I expect this trend until Friday, given the strength of the US dollar!!
Unfortunately, I do not see a promising chart in the daily time frame
In the daily and weekly timeframes, a downward pattern is quite evident
I consider the possibility of further decline and the beginning of the Alt Season to be very probable
I look forward to returning to the area of failure and support for price increases
It is at the bottom of its price and seems to be a good opportunity to buy
It is currently on the bottom of Ranj Canal.
In case of failure, we expect a price move from all sides to the specified levels