Next month may not be a good month for BTC. We formed a head and shoulders pattern with a target of 20k and a bearish flag with a target of 14k. We have huge support around 30k. I will scale up my short position if we are closing the daily candle below 39k
Hear me, it doesn't matter any pump we see in the daily. For the weekly, I'm not comfortable with any upward move until we see it hit that last line where that big arrow is pointing at. It may take time since this is weekly candles but I think it will definitely happen.
BTC perfectly hit the upper line of resistance as can be seen from the chart. Now it is likely going to hit the middle line down around $53800 - $54000 before choosing the next direction. Stay safe 🙌
