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Bitcoin
Short

Bearish trend not over

80
1W TF:Anticipating BTC to continue its downtrend. As per previous bullish flag followed by a rally, BTC shows forming another bullish flag pattern currently lower highs and lower lows. Currently approaching a 93.5K-89.5K zone. 20EMA coming into play within the zone forming a strong area of confluence. MACD crossing to the downside supporting a downtrend. A dead cat BOUNCE at 89K is a possibilty to fetch more liquidity followed by a rally to the upside.
Sboschie
Chart PatternsTechnical IndicatorsTrend Analysis

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Chart PatternsTechnical IndicatorsTrend Analysis
Sboschie

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.