Bitcoin is expected to form a double bottom pattern. On the 45-minute chart, the price has reached the lower band of the Bollinger Bands, where there is some support, but it is not strong.
The MACD indicator shows a bearish crossover, indicating a downward trend. Therefore, I predict that Bitcoin will fall to around $23,100 before rising again.
For friends holding a short position in Bitcoin, you can continue to hold it.
As for friends holding a long position, there is no need to panic, you can choose to lock in your position here.
I will continue to monitor the market trends and share my thoughts. Welcome everyone to communicate with me. Thank you for your attention.
