🔥 Bitcoin Bearish Break Out Confirmed: More Selling Incoming

Two days ago I made a short-term analysis on BTC and the bearish breakout of the channel. As of today, both bearish targets have been hit. Congratulations if you took the trade.

🔥 Bitcoin BEARISH Interest Rate Reaction Explained


In all fairness, the chart looks very bearish. This current trading pattern will likely end up being a bear-flag, making new bear-market lows a big probability, especially with the overly negative reaction to the most recent FED meeting.

For now, I'm looking at the yellow support area as a target. If we make new lows, I'm looking at $14,500 and $14,000 short-term targets.
Chart PatternsTechnical IndicatorsTrend Analysis

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