Bitcoin can continue to decline inside downward channel

avant-hier

Hello traders, I want share with you my opinion about Bitcoin. A short while ago, the price started to rise within a pennant and soon reached the resistance level, aligning with the seller's zone. After breaking this level, BTC continued upward, testing the resistance line of the pennant before reversing and beginning a decline. Not long after, Bitcoin dropped, breaking out of the pennant to the downside and even dipping below the 101900 level before quickly recovering. The price then climbed to 106500 points but soon pulled back to the buyer's zone and dropped even lower, breaking through the resistance level once again. Following this move, BTC reversed direction, made a strong impulse up to the resistance level, and then started declining within a downward channel. Inside this channel, the price fell to the buyer's zone and attempted to bounce but failed, rapidly returning to the buyer’s zone, which coincided with the support level. After that, it rebounded, reached the resistance line of the channel, and then corrected downward. At the moment, Bitcoin is still declining inside the channel. I expect a slight rebound before further downside movement toward the support line of the channel, breaking the support level. In this scenario, my target is set at 92200 points, which aligns with this line. Please share this idea with your friends and click Boost 🚀

hier

Transaction en cours

GREAT! Price continue to decline inside a downward channel. So, I still waiting when it to fall to my target.

il y a 7 heures

Trade fermée: cible de profit atteinte

WOW! PRICE WAS REACHED AND EVEN DROPPED MORE THAN MY TP!!! GREAT!