BTC trend analysis
#BTC/USDT
BTC broke down from the flag pattern and now is inside a strong descending channel.
now price is above the lower line of this channel.
🐻 break down the lower line from here can shape a head and shoulders pattern and drop price to somewhere around 16k.
but I think it's more possible to hold this support and has a sideways move here for several days!
then maybe another touch of lower line and after that attempt to break out middle line to touch the upper line of the channel.
BTC broke down from the flag pattern and now is inside a strong descending channel.now price is above the lower line of this channel.
🐻 break down the lower line from here can shape a head and shoulders pattern and drop price to somewhere around 16k.
but I think it's more possible to hold this support and has a sideways move here for several days!
then maybe another touch of lower line and after that attempt to break out middle line to touch the upper line of the channel.
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