BTCUSDT short-term bearish.

BTCUSDT

After declining on Fib. 1.618, BTC lost its momentum and had a $1,400 dumping on Binance. Everything turns to bearish too quick. In my opinion, the sell off season does not finished yet, downtrend will continue until BTC reaches a strong support area that can hold selling force.

There are 2 supports at around $6,500 and $5,235 (both shown in chart) that satisfies the condition. Altcoin will get capital flows from BTC, when traders seek to higher profit oppotunities.

After correction, new strong uptrend will be waiting for crypto's king.

Komentar:

BTC shows a double top pattern on daily chart, which is a bearish pattern.
All target and analysis remain.