BTCUSDT bearish mode
Huge head and shoulder formation for btc on daily time frame which we broke to the downside and capitulated quickly to 28k. However the fast recovery gave me indications that e might breakback above 42k and eventually bange between 42 and 46k.
However , we failed to break 42k region. meaning there is further downside.
If we break 35k, aim for 26k for short play.
place buy orders at 25k - 25.5k. if gets filled, you might have potentially caught the bottom of this bull market as i still fell btc can go upto 70k atleast. Maybe not immediately but over the next few months but that remains to be seen as we progress with price action because we need higher highs before that happens.
However , we failed to break 42k region. meaning there is further downside.
If we break 35k, aim for 26k for short play.
place buy orders at 25k - 25.5k. if gets filled, you might have potentially caught the bottom of this bull market as i still fell btc can go upto 70k atleast. Maybe not immediately but over the next few months but that remains to be seen as we progress with price action because we need higher highs before that happens.
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