👀 Analysis $BTC on the weekly timeframe! What do the candles say?
Do you remember Monday, March 23? (👉link) After a quick rise, few believed in the decline. And it happened as I said - a reversal from 72,000 and a drop to 66,000. We received another bearish candle on the 1W TF.
What to expect from $BTC in the future? 🤔
The reversal from 74,500 sent Bitcoin on a long journey to the next strong supports - to the weekly MA200 and 55,000. One could even talk about a certain sideways movement between 74,500 and 55,000.
I also plan to continue shorting this drop from the overbought condition on the 4-hour timeframe!
BTCUSDT
Perp
66,595.7
+0.08%