BTCUSDT, We should be ready for dropping

2023年10月23日

Hello guys

We're back after 2 years , we are glad to see you again and can talk to each of you

Let's go to analysis the situation of Bitcoin at now.

According to the chart you can see we are in correction up trend and now we have 2 reason that the price can drop from the red box that we shown on chart :
1.The price is going to pull back to the trendline that was broken and after that it can ready to drop
2.If you look at the uptrend movement you can see we have a pattern that is head & shoulders , the body was made and now after left shoulder and head was made , its turn to complete the right shoulders and after that it can drop from their site.

The point that we should attention is, if the price can go up and break the 32K with power and can settle in 32k area we can say this scenario is failed and we should analysis again the price situation.

If you have any question just share it with us
Good Luck