BTC week analysis
the reason to short:
1.lower high,lower low is formed,downtrend is continueing.
2.from the perspective of wyckoff's trading ,after 154 days congesion,price has breakout with a high volume candle,price between 26000-18000 is a distribution area
3.breakout an important support line is a sign of bearish
As a conclusion,it is a bearish market now,every rally is a good opportunity to short.
#it is not a financial advice
1.lower high,lower low is formed,downtrend is continueing.
2.from the perspective of wyckoff's trading ,after 154 days congesion,price has breakout with a high volume candle,price between 26000-18000 is a distribution area
3.breakout an important support line is a sign of bearish
As a conclusion,it is a bearish market now,every rally is a good opportunity to short.
#it is not a financial advice
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