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Bitcoin Analysis==>> Falling

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Bitcoin once again started to react strongly after entering the Resistance zone($73,800_$71,900). Although it tried to break this zone😊.

According to the Elliott wave theory, Bitcoin seems to have succeeded in completing the Main wave 5.

In the chart, we can also see the Sell signal between 50_SMA(Daily) and 100_SMA(Daily) (it is a Bearish sign).

Also, we can see the Regular Divergence(RD-) between two Consecutive Peaks.

I expect Bitcoin to continue falling at least to My targets.

Note: An important point you should always remember is capital management and lack of greed.

Bitcoin Analyze (BTCUSDT), 4-hour time frame ⏰.

Do not forget to put Stop loss for your positions (For every position you want to open).

Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.

Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.

交易开始

注释

Considering that the volume of trading is low on Saturdays and Sundays, we should not expect a further drop on these two days, but the analysis is still valid.

注释

If BTC can go up over $72,280, the scenario will be changed.

交易结束：到达目标

First Target

交易结束：到达目标

Second Target Done