BTC bearish continuation
My current trend assessment for BTC assesses a Bearish Pullback Trend.
Bearish pullback: The bearish trend is taking a break. This might be a correction (‘dip’) or a trend change.
Usually, pullbacks bring the best opportunities to enter a trending market. Lower timeframe market structure breaking away towards a bearish trend would indicate continuation.
For the optimists: The current bottom seems stable and strong. This pullback might also indicate the trend change towards bullish. Analyse lower timeframes and market structure to identify trend change or continuation.
Bearish pullback: The bearish trend is taking a break. This might be a correction (‘dip’) or a trend change.
Usually, pullbacks bring the best opportunities to enter a trending market. Lower timeframe market structure breaking away towards a bearish trend would indicate continuation.
For the optimists: The current bottom seems stable and strong. This pullback might also indicate the trend change towards bullish. Analyse lower timeframes and market structure to identify trend change or continuation.
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