The price is moving within a downward channel, indicating a bearish trend.
Multiple Break of Structure (BOS) points confirm ongoing downward momentum.
A possible short (sell) setup is illustrated, expecting the price to:
Retest the upper boundary of the channel (around 106,541)
Overall, this analysis anticipates further decline in Bitcoin’s price.
Multiple Break of Structure (BOS) points confirm ongoing downward momentum.
A possible short (sell) setup is illustrated, expecting the price to:
Retest the upper boundary of the channel (around 106,541)
Overall, this analysis anticipates further decline in Bitcoin’s price.
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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.
Join Telegram Channel Free t.me/Sharp_Entry_Trader "Explore daily insights: 4/5 signals meticulously analyzed, ensuring an impressive 99% accuracy in forex & crypto trades t.me/Sharp_Entry_Trader
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.