BTC USD PRICE ACTION ANALYSIS. BTC is falling but a quick update up to where the fall could be.
The first bounce will be at 55k and it goes to test 60k levels again.
This might form a XABCD bullish bat pattern. Below this, the price could go to test the 52k-50k levels.
Happy trading :)
This is just for educational purposes.
BTCUSDTPERP
Bitcoin USDT price action analysisHere's the Bitcoin Usdt Perpetual weekly timeframe chart analysis. As the price is near the PRZ/supply zone set by the ABCD pattern, price action also seems to form a shooting star at the top of the supply zone.
This could be an early sign of exhaustion in the momentum and the price may correct further until the 53k-51k before another rally.
However, if the price crosses the 67K mark we can see the uptrend to be resuming again.
Happy trading :)
This is just for educational purposes.