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BTCUSDT is inside the down trend channel, but it's bullish and we don't need to do a short under 41k. This is the typical move of BTCUSDT It's could be a trap under 41k.

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BTCUSDT is inside the down trend channel, but it's bullish and we don't need to do a short under 41k. This is the typical move of BTCUSDT It's could be a trap under 41k.

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BTC is inside the steep descending channel and tries to come back to the base channel. 1st attempt was fail because of the strong resistance line and this is the 2nd attempt. Because this point is very important, it will try multiple times (at least 3 times?). If it fails at last, BTC will go to the deep sea (16k? maybe).

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BTC is inside the down trend channel. Repeated Lower-lows and Lower-highs confirm this down trend. BTC tried to do the trend reversal, and this is the 2nd attempt. If it is not successful, it'll go down further.

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BTC is inside the down trend channel. Repeated Lower-lows and Lower-highs confirm this down trend. BTC tried to do the trend reversal, and this is the 2nd attempt. If it is not successful, it'll go down further.

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BTCUSDT is inside the downtrend channel (linear regression channel) and we can't find any evidence of the strong reversal trend. the long legs in the left side, and the repeated lower-low/lower-high means that the down trend will not be finished within the short time. There could be the double bottom or 27k would be possible in the worst case scenario.

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There is the somewhat strong resistance zone from 42.2k to 45.8k. This would be the triangle and we saw this pattern many times recently. If the history repeat itself, BTCUSDT price would go down and we can see the double bottom (28k ~ 30k). This is not a financial advice :-)

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This is the short term analysis. This would be the triangle and we saw this pattern many times recently. There is the down trend line (magenta) and 0.786 fibonacci ($36,728) line above, it is the resistance. Former triangles couldn't break the down trend line (blue) and 0.382 fibonacci ($42,554) resistance line. If the history repeat itself, BTCUSDT price...

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This is the short term long-short setup

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Slightly modified

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This is my updated view.

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This is the short term analysis.

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This is the updated view.

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This is my current point of view

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BTCUSDT perpetual inverted chart

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There is the new supply zone from 42.2k to 45.8k

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Hmm... interesting. 28.8k and 16.3k ?

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2018: W pattern 2021: Inverted Head and shoulders Interesting.