$BTC price is confirming the correction?
As seen on the chart, less than a month period, #bitcoin did unable to cross 72K, after 2 major declination, formed bearish double top pattern. Also in 3 months period, 
BTC formed Wyckoff' s distribution schematic and proceeding to last confirmation of the major correction. In lower time frame, #btcusd dumped from 70K to 66K heavily and lost the trend line (black line) support. Before CPI, yesterday attempted to reclaim the trend line but price heavily declined from 70K. So, #btcusdt did a bearish retest and reclaiming the trendline failed with this fake pump.
If we want to see a bullish #btc , the price must reclaim 72K permanently, otherwise the next major support zone is given on the chart (the red box).
Not financial advice.
BTC formed Wyckoff' s distribution schematic and proceeding to last confirmation of the major correction. In lower time frame, #btcusd dumped from 70K to 66K heavily and lost the trend line (black line) support. Before CPI, yesterday attempted to reclaim the trend line but price heavily declined from 70K. So, #btcusdt did a bearish retest and reclaiming the trendline failed with this fake pump.If we want to see a bullish #btc , the price must reclaim 72K permanently, otherwise the next major support zone is given on the chart (the red box).
Not financial advice.
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。