BTCUSD formed new falling trendline breakout and fly or fall?

8 Apr 2021

As we can see new downtrend formed here by this red trendline on chart

price receive support that we talked about and and now is rising so we may expect breaking trendline and green paths to continue too:
we talked about this important support zone on previous analysis :

now we are looking for some short position around 58K with tight stop loss and considering bullish market too .
so trade carefully and as we said again and again consider bullish market too.
bearish scenario Targets:
A. 56500
B. 55000
C. 53300
Bullish scenario Targets:
A. 59400
B. 60000
C. 62000

1.trade carefully and have stop loss for sure
2.Past performance is not indicative of future results.


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8 Apr 2021

Nota

so many log-term analysis shared in previous days and linked below🔽😉

this analysis is for short-term trader 👍✔