$BTC
Bitcoin fallen off rising channel..
Will Dynamic resistance hold? 75k in the cards if it doesnt
#BTC
Bitcoin fallen off rising channel..
Will Dynamic resistance hold? 75k in the cards if it doesnt
#BTC
نشر
--هابط
chartwitch
·
--
$BTC
Bitcoin's bearish divergence on the 1hr didnt quite play out!
I'm forced to look at this as a consolidating squeeze. The question is, Is this distribution or Accumulation?
Here's my thesis,
Price action is currently in a rising channel, A break below 77900 may continue down to 75k as distribution.
If Price continually remains in this channel, a break above 81k can be attempted as accumulation! Money flow does look like it is recovering from the negative.
It only remains to be seen!
#BTC走势分析
Bitcoin's bearish divergence on the 1hr didnt quite play out!
I'm forced to look at this as a consolidating squeeze. The question is, Is this distribution or Accumulation?
Here's my thesis,
Price action is currently in a rising channel, A break below 77900 may continue down to 75k as distribution.
If Price continually remains in this channel, a break above 81k can be attempted as accumulation! Money flow does look like it is recovering from the negative.
It only remains to be seen!
#BTC走势分析
إخلاء مسؤولية: يتضمن آراء جهات خارجية. لا تُعدّ نصيحة. يُمكن استخدام Binance AI دون أي ضمان. اطلع على الشروط والأحكام.