BTC is still bearish (1D)

3 days ago

A resistance flip zone has formed on the chart, we have a bearish CH, and a supply zone has been created.

The common area of the supply and flip zones is a low-risk region for another Bitcoin short.

With these bearish signs, Bitcoin is expected to at least reach the green zone.

A daily candle closing above the invalidation level will invalidate this analysis.

For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You

yesterday

Trade closed: target reached

Ultimately, it dumped further, reached the green zone marked in the previous analysis, and reacted.

Since the last analysis, it has dropped another 7%

The green zone is expected to prevent further drops for a while and push the price toward higher levels.