#BTC BTC UPDATE: BTC is still in the same update, it hasn

Bearish

#BTC 
BTC UPDATE:
BTC is still in the same update, it hasn't taken the IDM yet (105878). It's possible that BTC will make another attempt to take the IDM. Since BTC's trend is bearish, if it takes the IDM, then we can consider shorting BTC from the upper supply zones.
While I mentioned in my previous update that BTC can make fake choch means that BTC will break recent high ( 106775 ) and will get supply from above OB.
#mi_395 
#TrumpVsMusk 
#BigTechStablecoin 
#MarketPullback 
$BTC 

Mi_395

Bearish

#BTC

BTC UPDATE:

According to my previous update, BTC was bearish, and it has now successfully created a downside BOS (Break of Structure).

The structure of BTC is still bearish, and according to Smart Money Concepts (SMC), there are two possible scenarios:

1. BTC will move upwards to take inducement at 106k, then drop down to create a BOS and continue its bearish trend.

2. BTC will break its recent low ( 100,305 ) before taking the inducement, effectively shifting the inducement point.

Note: If BTC moves up to take the inducement at 106k, it's possible that BTC may create a fake CHOCH by breaking 106775, and then take supply from the resistance zone at 108350 - 108900 to continue its bearish trend.

#mi_395
#MyCOSTrade
#TrumpVsMusk
$BTC

Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.

#BTC

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