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Good morning everyone, 1️⃣
👉 Before I went to sleep, I shared some information regarding bullish momentum conditions. However, overnight, BTC's market momentum changed frequently due to sideways trends. Yesterday night at 21:50 IST, I shared a bearish update, and then I went to sleep at 23:15 IST. Shortly after, #BTC entered a bullish momentum at 12:15 AM IST, followed by another bearish momentum at 12:45 AM IST. Later, at 01:30 AM IST, BTC entered bullish momentum again, only to switch back to bearish momentum at 03:15 AM IST while trading at 63672.
👉 Currently, BTC is trading in a #bearishmomentum within sideways trends. I have applied my strategy for this scenario. BTC will only possibly enter bullish momentum if the 15m chart candle closes above 64138. If BTC does not reach this level, it will continue in a bearish momentum. If BTC meets this condition, I will share updates accordingly. Now, I am sharing the expected levels for the bearish momentum:
👉 #BTC is expected to drop to these levels:
⭐ 62200
⭐ 61500
⭐ 60800
👉 Please remember that #BTC is currently trading in the $60k zone, and a $600 price range movement represents a 1% change. Traders following our analysis should be prepared to accept losses or gains. If you cannot accept these fluctuations, please reconsider your approach to trading BTC.
BTC is currently trading at 63700
Thanks for your support and love ❤️.
Author : @KingofBTC2024 (For All) BXT
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