Bitcoin Analyze (Short Term,1-hour Time Frame,05/02/2023)!!!

Bitcoin managed to form a Shooting Star Candlestick Pattern near the 🔴resistance zone($ 29,030-$ 28,880)🔴.

Also, considering that Bitcoin's 5-wave downtrend has ended in the 🟢support zone($ 27,820-$ 27,660)🟢, today's rise in the price of Bitcoin is a correction(Also, a pullback to the support zone is broken), and I expect Bitcoin to return to the support zone after breaking the support line.

Bitcoin Analyze ( OKX:BTCUSDT ), 1-hour time frame ⏰.

Do not forget to put Stop loss for your positions (For every position you want to open).

Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.

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Transaction en cours

Commentaire:

Bitcoin was able to break the support line.