*BITCOIN (BTC/USD) • 1D • BINANCE*
*DOWN TREND*
Bitcoin is still in a Downtrend!
*1. Lower High*
Buyers getting weaker
Each peak is lower - 102k, 97k, 87k, 82k
Showing declining buying pressure
*2. Lower Low*
Sellers getting stronger
Each drop reaches a new low - 80k, 57k, 57k, 67k
Showing seller dominance
*3. Downtrend*
Market going down
Series of lower highs & lower lows confirms downtrend
*4. Watch 102k*
Break above = Trend Change
Price breaking above 102k would invalidate downtrend
Don't FOMO. Let price hold above 102k first.
What do you think? Will BTC hold above 102k or fall again? 👇
#BTC #bitcoin #Crypto #trading #BinanceSquare
*DOWN TREND*
Bitcoin is still in a Downtrend!
*1. Lower High*
Buyers getting weaker
Each peak is lower - 102k, 97k, 87k, 82k
Showing declining buying pressure
*2. Lower Low*
Sellers getting stronger
Each drop reaches a new low - 80k, 57k, 57k, 67k
Showing seller dominance
*3. Downtrend*
Market going down
Series of lower highs & lower lows confirms downtrend
*4. Watch 102k*
Break above = Trend Change
Price breaking above 102k would invalidate downtrend
Don't FOMO. Let price hold above 102k first.
What do you think? Will BTC hold above 102k or fall again? 👇
#BTC #bitcoin #Crypto #trading #BinanceSquare
