Bitcoin Chart Analysis - short position
The weekly candle closed a few hours ago in the form of a doji, which indicates the weakening of the buying pressure, and it has also been fluctuating in the range of 28,000 for several days, along with the rapid growth of Bitcoin, these conditions are likely to cause a deep correction of the price up to 24,000 or even 20,000 increases
Also, the short-term and long-term resistance lines show this range as a resistance line
As a result, the possibility of a short position with a setup of 29,500 and a target of 24,000 seems less risky than long.
Also, the short-term and long-term resistance lines show this range as a resistance line
As a result, the possibility of a short position with a setup of 29,500 and a target of 24,000 seems less risky than long.
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