Just an idea and trade at your own risk.
Bitcoin still remains bearish.
Bitcoin is currently in a short uptrend correction phase (white lines) after breaking the support (previous demand zone) the red dashed highlighted area.
Short term Bitcoin bullish to finish its correction phase and reach the upper downtrend channel (red lines) to retest the previous broken support demand zone (currently the supply and resistance area) at area 28k-30k, before resuming its down fall to next targets at the lower downtrend channel at area 12k-13k.
Bitcoin still remains bearish.
Bitcoin is currently in a short uptrend correction phase (white lines) after breaking the support (previous demand zone) the red dashed highlighted area.
Short term Bitcoin bullish to finish its correction phase and reach the upper downtrend channel (red lines) to retest the previous broken support demand zone (currently the supply and resistance area) at area 28k-30k, before resuming its down fall to next targets at the lower downtrend channel at area 12k-13k.
