LIVEBITCOIN IMPORTANT UPDATE 🔥🔥🔥🔥DUMP ???
Signal type - SHORT
Coin name - #BTC/USDT .
Why do I think BTC will go downside ?
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On the 4-hour time frame, Bitcoin (BTC) has been forming an ascending channel chart pattern, marked by a series of higher highs and higher lows, indicating a sustained upward trend. However, a closer inspection of the Relative Strength Index (RSI), a momentum oscillator, reveals bearish signals. The RSI is showing signs of weakening upward momentum, suggesting that the strength of the bullish trend is fading.
Additionally, BTC has recently broken through the resistance line of this ascending channel. Typically, a breakout above the resistance line in an ascending channel signals a potential reversal or the end of the current bullish trend. Considering these factors—the bearish signals from the RSI and the breakout of the resistance line—it appears that BTC is likely to enter a bearish phase. This suggests that the recent upward trend may be coming to an end, and traders should be cautious of an impending downtrend.
My entry is - 69720
1st tp- 67284
2nd tp- 66017
3rd tp - 65000 short term
4th tp- 63000 short term and risky
leverage will be 20x
sl- 72000
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