Bitcoin- 36k zone remains my target
Updated
In my previous Bitcoin analysis, I argued that, in my opinion, the correction for 
BTCUSD was not yet over, and we could potentially witness a drop to the 36k zone. Since then, the price dipped below the 40k zone and rebounded back to almost 44k. However, this rebound exhibits a corrective structure, resembling a bearish flag, suggesting that a new downward leg could follow.
In conclusion, as long as the 45k level remains intact, selling rallies could prove to be a sound strategy with favorable risk-reward potential.
BTCUSD was not yet over, and we could potentially witness a drop to the 36k zone. Since then, the price dipped below the 40k zone and rebounded back to almost 44k. However, this rebound exhibits a corrective structure, resembling a bearish flag, suggesting that a new downward leg could follow. In conclusion, as long as the 45k level remains intact, selling rallies could prove to be a sound strategy with favorable risk-reward potential.
Note
Bitcoin broke under flag's supportNote
BTC reversed after confirmation of the break of the bearish flag
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