#bitcointrendanalysis
bitcointrendanalysis
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Bitcoin Trend Analysis
The mid-term outlook for Bitcoin remains bearish, with the first downside target near 67 on the lower channel, and the second target near 55.
The structure will not change until the upper channel is breached. Short positions should be gradually initiated in the 78500-79500 range as planned.
Place stop-loss orders at the upper channel. If the channel is breached, the structure will change.
Risk Warning: This is only a market structure analysis and does not constitute any trading advice.
#BitcoinTrendAnalysis #BTCTrendAnalysis
Bitcoin Trend Analysis
The mid-term outlook for Bitcoin remains bearish, with the first downside target near 67 on the lower channel, and the second target near 55.
The structure will not change until the upper channel is breached. Short positions should be gradually initiated in the 78500-79500 range as planned.
Place stop-loss orders at the upper channel. If the channel is breached, the structure will change.
Risk Warning: This is only a market structure analysis and does not constitute any trading advice.
#BitcoinTrendAnalysis #BTCTrendAnalysis
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