BTCUSDT- ARE BEARS STILL ACTIVE?

In BTC trend is still favoring the bears. Now if we try to analyze the price action we can the price is moving in a channel. And if the sentiments are still on the week side we can expect a slide towards 54000.

To support this argument If we see the Fibonacci supports, the chart suggested that the price is trading below 38% level so we can expect a 50% level is coming and it is around 54000. Good Luck!

Trade active

Trade closed: target reached:

BOTH TP HIT