Bitcoin- 36k zone remains my target

31 בינו׳

In my previous Bitcoin analysis, I argued that, in my opinion, the correction for BTCUSD was not yet over, and we could potentially witness a drop to the 36k zone. Since then, the price dipped below the 40k zone and rebounded back to almost 44k. However, this rebound exhibits a corrective structure, resembling a bearish flag, suggesting that a new downward leg could follow.
In conclusion, as long as the 45k level remains intact, selling rallies could prove to be a sound strategy with favorable risk-reward potential.

1 בפבר׳

הערה

Bitcoin broke under flag's support

2 בפבר׳

הערה

BTC reversed after confirmation of the break of the bearish flag