#BTC market analysis 9/2
These past few days I’ve been consistently emphasizing that in the short term Bitcoin is still bearish. Yesterday it fell 2,700 USD in the pressure zone. On Monday, the given pressure zone was tested 3 times, so going forward we will no longer use it.
1) The target for this short-term short is likely to be below 75,588; today the pressure level is around 78,300.
2) This Bitcoin uptrend has not yet topped out. The fall from 81,500 should be regarded as a corrective pullback; after the pullback into the 75,588–71,800 range, it will rise again 📈
These past few days I’ve been consistently emphasizing that in the short term Bitcoin is still bearish. Yesterday it fell 2,700 USD in the pressure zone. On Monday, the given pressure zone was tested 3 times, so going forward we will no longer use it.
1) The target for this short-term short is likely to be below 75,588; today the pressure level is around 78,300.
2) This Bitcoin uptrend has not yet topped out. The fall from 81,500 should be regarded as a corrective pullback; after the pullback into the 75,588–71,800 range, it will rise again 📈
