BTC/USD still looking very bearish
Recent recovery back to 11k was blisteringly fast. Much too fast for it to signal a long term reversal. Look for signs of short term reversal back to bear run at 11.5-12.5k levels. around previous levels of short term support
Note
first target at 11.5k reachedNote
peaking at 11.5k again, forming a shorterm bearish cypher.Note
And were back to the bear market. It could potentially get rough again
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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.