bitcoin bearish

1 mars 2023

bitcoin

Bitcoin is still gathering momentum at present, no trend has been formed, but do not be hindered by continued bearish, today may appear the expected unilateral downward trend, at present, there will be repeated before not falling below the previous low, so the two ideas below the previous low short or rebound sell. Bitcoin operation suggestion 23900 sell, risk control 24500, target 22300~21500.

Bitcoin bearishness is based on the following:
1. Although Bitcoin has been adjusted midway, the overall trend is still bearish.
2. According to my personal analysis, the five-wave rise in wave A may have all ended. If the expectation is true, the probability of entering the bottom-out trend of wave B in three waves is very high, and it is currently in the second half of wave B 1.
3. The upper pressure is 23900~24700, and the lower support is 22300~21500.