BTC/USD is going to start a new downward move(7/16/2024)
BTC had some retracement to 65k after a dramatic drop from 72k to 53.5k.
Right now the price made a bearish engulfing candle in 8hr TF under a multiple resistance zone.
If the price makes a new lower high, probably the price will go down under 53.5k.
Our technical view has been shown in the chart.
If you like it then Support us by Like, Following, and Sharing.
Thanks For Reading
Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
Right now the price made a bearish engulfing candle in 8hr TF under a multiple resistance zone.
If the price makes a new lower high, probably the price will go down under 53.5k.
Our technical view has been shown in the chart.
If you like it then Support us by Like, Following, and Sharing.
Thanks For Reading
Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
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