Hello Team,
Short Play:
As we can see Bitcoin is in a rising wedge which is a bearish pattern. A break of this pattern can lead to more downward momentum in the markets. If this structure breaks with confirmation BTC can look to test the ~18.6K level again.
The bulls would need a strong momentum push to the upside to break this pattern which is a lower probability.
Happy Trading!
Short Play:
As we can see Bitcoin is in a rising wedge which is a bearish pattern. A break of this pattern can lead to more downward momentum in the markets. If this structure breaks with confirmation BTC can look to test the ~18.6K level again.
The bulls would need a strong momentum push to the upside to break this pattern which is a lower probability.
Happy Trading!
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