[Bitcoin] Worst 3K? Expected support identified by bear trend

4 Jul 2022

#Crack #Bitcoin #Binance #1D

We explored all possible support zones using bearish continuation patterns and their Fibonacci extensions.

Please take it lightly, as it is only analyzed as a Fibonacci trend extension of bear trend patterns without any other technical analysis.

Sections containing the Fibonacci trend extension level of the large turquoise bear trend are marked in red, and sections not included are marked in orange.

Continued bear trend patterns are emerging, and as the bear trend is still in progress and triangular convergence is underway, I think we need to prepare for an additional bear trend.

In the case of a rebound without further decline, it seems safe to buy after the $19,828 upward stabilization and conservative $21,654 upward stabilization.