BTC/USDT SELL/SHORTbitcoin can move down
In this analysis, we are observing the potential repetition of market history by comparing the current Bitcoin price action to the previous bearish cycle. By utilizing Fibonacci retracement levels, historical patterns, , we can formulate a hypothesis that the market might follow a similar trajectory if bearish sentiment prevails.
Bitcoin-swing-trader
BtcUsdt If Bitcoin is going to breakout then it should sustain within 38000 to 40000 range
Consolidate for some time (buyers news base)
With obvious news backing might push out from long ranging sideways trend could be possible for reversal.
I booked my target from previous swing trade and will wait and watch now
Do not fall into trap of parabolic momentum
Could be risk of false breakout too.