Did you see BEAR on BTC?

Hello to everyone! I update about the fake pump for BTC in my previous post. And we got it right again, it get rejected at 68K and back to 62K area. Currently BTC was trading at 64K.

Let’s read the chart together. From 1D chart, we can clearly see that BTC is still maintaining bearish momentum. While MACD also showed that BTC might keep falling and this bear isn’t end yet. In another hand, when we zoom in to smaller picture at 8H and 12H chart, we can see BTC is forming a head and shoulder.

First BTC got rejected at 68K, then fall back to support line which is 62K area. MACD also showing bear at the moment. In this case, I suggest on setting a short trade around 66.5-67K. Then BTC might falls back below 60K and very high possibility back to 52K area.

If you holding long position now, please take note in the next 12H. If you don’t have any position on BTC, let’s wait for the little bounce then open SHORT. This could be one big move for all of us.

If you found my analysis help, don’t forget to hit the follow button. Peace and love ❤️