BTC 8500$ VS 5450$ Critical level !

Traders,

Here we have BTCUSDT 1D chart.

Previously we talked about this scenrio which happened excately as the idea said kindly check it here below:

We have now a nice bullback, but it's a critical level guys we have many probablities here and am gonna discuss every probability to decide and take the right decision about this trade

1- We have a Mixed two down trends: the 1st one was from the 0.618 fib level from the ATH to this year high at 14k, 2nd one from fake breakout.

2- Metting 6 times region resistance that was support for around 2 months

3- Having Golden level breakdown and the next level after retesting we have now is 5450$

4- Deathcross on weekly chart !

5- POV from VP was at 7200 levels which it's broken and we have a retest at this moment

So the Q is : Are we gonna see 5k levels in a few days ?

A : Maybe yes is having the highest probabilities unless (Breaking the current point with a full body candle)

6- Like if you appreciate this idea. and kindly check related ideas.

Regards,
Mohsen

Transaction en cours