Current structure shows similarity to the previous top at 5k:
-Both show bearish divergence in the daily charts.
-Both proceeded to reach further highs from a bullish hammer.
Similar to the previous correction downwards to 5k, a break of the bullish trendline here would give further confirmation that a possible correction to retest the previous all time high (5k) may most likely happen.
Possible further correction to 4400-4700 is probable if more panic sets in due to some possible "bad news."
Overall, I'm bearish on BTC as long as we don't open and close daily above 5830-5900.
-Both show bearish divergence in the daily charts.
-Both proceeded to reach further highs from a bullish hammer.
Similar to the previous correction downwards to 5k, a break of the bullish trendline here would give further confirmation that a possible correction to retest the previous all time high (5k) may most likely happen.
Possible further correction to 4400-4700 is probable if more panic sets in due to some possible "bad news."
Overall, I'm bearish on BTC as long as we don't open and close daily above 5830-5900.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.