3 possible scenarios,
Scenario 1 (Red): If it bounces at 1.272 and fails to break the previous high, a more bearish move is possible.
Scenario 2 (Green): This scenario involves a bounce at 1.272 and consolidation above the previous high.
Scenario 3 (Orange): This is a continuation of the bearish breakdown.
General Notes: All bounce points (indicated by the "yellow line") show a gap-up move (SMC entry area). TP3 is a good entry area, considering all confluences.
Scenario 1 (Red): If it bounces at 1.272 and fails to break the previous high, a more bearish move is possible.
Scenario 2 (Green): This scenario involves a bounce at 1.272 and consolidation above the previous high.
Scenario 3 (Orange): This is a continuation of the bearish breakdown.
General Notes: All bounce points (indicated by the "yellow line") show a gap-up move (SMC entry area). TP3 is a good entry area, considering all confluences.
注释
Good bounce points for long traders are at TP 2 and TP 3. Since BTC is still in an uptrend, it is not recommended to do shorting.
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