As you can see, the BTC has been bounced between 60k - 30k zones and has created a tradingrange. It has attacked the top zone and created 3 pushes up but did not have enough momentum to break out and created a bearish tight channel and now, it has reached the bottom line ( channle line ) and made a bullish candle in Daily timeframe to the bearish channel midline. But this bullish daily candle looks like a pullback to the broken 48k support and I expect the price to bounce down on the channel- midline and go down to strong 41k support. That would be high probability support zone and price goes up to the top of the trading range and make a break out and finds a new ATH. But I expect at a list a shadow touch to the 30k zone.
Trade closed: target reached:
The price has reached to 41k support and has bounced in 40-41k channel. I do expect that the price be supported and goes up at touch the 52k resistance. If 41k support zone does break, there will be no stop and the price will touch the 30K support and will touch the trading-range leg!
Trade closed: target reached:
The price has broken the bearish channel line and made a pullback to that, so It's high probability that price goes down and touch the bottom of the tradingrange and be supported at 29-30k .