Here in the RSI, we are witnessing the fall of the USDT market share uptrend line. In my opinion, it is a pullback, and we are witnessing its fall and rise #bitcoin again
After bitcoin hit a very high level of $ 48,000, the long-term uptrend trend broke in the 4-hour timeframe and the pool back was completed. The next support is $ 43,200 to $ 42,800, which we expect to grow in this area. To $ 49,000
In the one-hour timeframe, we see the construction of an inverted shoulder pattern in Bitcoin. We hope that the cows can get back the price of 48,000 faster and the next target will go to 52,000.
With a slight modification, Bitcoin is able to reach the ascending channel ceiling in 4-hour timeframe, so we expect that if the US Senate cryptography tax bill is not passed, this will easily happen.
