📈 #Bitcoin Chart Analysis 📉
$BTC is currently trading at $29,300 and it seems to be retesting its resistance trend line after a breakout. According to technical analysis, this retest zone suggests a bearish outlook for Bitcoin.
I have opened a small short position with a stop loss if any 4H candle closes above $30,300. My target is $24,500 if the stop loss is not hit.
Keep in mind the support level is at $24,500 and the resistance level is at $30,000.
Disclaimer: This is just my personal analysis based on the chart, and it is not financial advice. Please do your own research before making any investment decisions.
Hey, it's CryptoPatel here!
I'm passionate about providing you with the latest insights and analysis on the world of cryptocurrencies.
If you enjoy my content and want to show your support, please like, share, and follow me for more high-quality updates.
Thank you for your support, and let's continue to stay connected for more exciting content!
LIKE ❤️
Share ⏩
Follow 🤝
