BTC-USD broke down major uptrend line and failed to retest it
this support area 7962.28 was strong demand area
Macd shows bearish momentum
so we expect small bullish rebound to downtrend line
then bearish movement reach to demand zone around 5507.80 as a gartley harmonic pattern 78.6 fibonacci level
161.8 fibonacci level as target of ab =cd pattern confirmed by market profile volume.
this support area 7962.28 was strong demand area
Macd shows bearish momentum
so we expect small bullish rebound to downtrend line
then bearish movement reach to demand zone around 5507.80 as a gartley harmonic pattern 78.6 fibonacci level
161.8 fibonacci level as target of ab =cd pattern confirmed by market profile volume.