Chart Pattern Analysis Of Bitcoin.
K1 and K2 is strong bearish engulfing,
But unfortunately, K3 failed to close below K2 to verify the strong momentum.
And the supply pressure sharply decreased.
So, it is possible that the following candles consolidate here for weeks and then choose to break up or fall down.
On the other hand,
It is also likely that K4 will break up immediately and another bull run stars here.
If that’s the fact,
The present months scale consolidation will be terminated here.
Long-60.4K/Stop-60K/Target-74K
Long-66.5K/Stop-66K/Target-74K