BTC : Long($50,506) or short(17000) ?
Technical Analysis:
Bearish Analysis:
Price is currently within a 3-day supply zone. If it breaks below $29,786.90, I expect a bearish trend with targets at $25,214 and around $17,000.
Bullish Analysis:
A bullish breakout occurs if the price surpasses the current supply zone, starting at $31,037. Targets for bullish momentum are $50,506 and $64,965.
Personal Perspective:
I personally anticipate a bearish move towards $17,000 based on trend analysis.
Feedback and Updates:
Your analysis as feedback is appreciated. We recommend you to follow TrendSailor everywhere for timely updates on new ideas, Forex/Crypto/Stock market pair ideas, and my daily trade results.
Disclaimer : Please remember to consider the timeframe associated with each analysis to avoid any potential misinformation. It's important to note that all predictions I share are for my personal reference and educational purposes only. Any trades inspired by my ideas, whether posted earlier, today, or in the future, involve financial risk for which I will not be held accountable. Thank you for your understanding.
Bearish Analysis:
Price is currently within a 3-day supply zone. If it breaks below $29,786.90, I expect a bearish trend with targets at $25,214 and around $17,000.
Bullish Analysis:
A bullish breakout occurs if the price surpasses the current supply zone, starting at $31,037. Targets for bullish momentum are $50,506 and $64,965.
Personal Perspective:
I personally anticipate a bearish move towards $17,000 based on trend analysis.
Feedback and Updates:
Your analysis as feedback is appreciated. We recommend you to follow TrendSailor everywhere for timely updates on new ideas, Forex/Crypto/Stock market pair ideas, and my daily trade results.
Disclaimer : Please remember to consider the timeframe associated with each analysis to avoid any potential misinformation. It's important to note that all predictions I share are for my personal reference and educational purposes only. Any trades inspired by my ideas, whether posted earlier, today, or in the future, involve financial risk for which I will not be held accountable. Thank you for your understanding.
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