Still expecting lower for $BTC in the short term…
👀
As we can see in the charts, price has clearly been forming a pretty strong downtrend over the past few days, which has yet to be broken.
As long as we see price continue to stay below this downtrend line, expectations in the short term should still be lower. The next lower target to keep an eye on is around $62.5k.
If we do break out from this downtrend, the first short-term target would likely be around $64.5k, where we can then see if price rejects further.
We also have very important inflation data being released tomorrow morning, so this news could very well create some volatile price action in the short term.
Keep a close eye on all these levels and news events!
👀
As we can see in the charts, price has clearly been forming a pretty strong downtrend over the past few days, which has yet to be broken.
As long as we see price continue to stay below this downtrend line, expectations in the short term should still be lower. The next lower target to keep an eye on is around $62.5k.
If we do break out from this downtrend, the first short-term target would likely be around $64.5k, where we can then see if price rejects further.
We also have very important inflation data being released tomorrow morning, so this news could very well create some volatile price action in the short term.
Keep a close eye on all these levels and news events!