🚀$BTC WEEKLY TRAP.
Looking at the price action of #Bitcoin on the weekly time frame, we can see that the price action of Bitcoin is not interesting, as we can see the weekly candles are closing with no significant momentum in the market.This kind of movement represent indecisions in the market as either buyer or seller are in full control of the market. From the weekly price action, we can see that there is a lot of imbalances to the downside that needs to be filled before we can see any further price pump.
From my own perspectives, am expecting $BTC to drop to the 95k to 93k before we can experience another pump to the upside .
Also we can see that the MACD indicator on the reducing momentum to the downside which Is not good for BTC.
So for anyone waiting to short/Long $BTC , before you take the trade you need to get a proper candle closure on the weekly candle .
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