BTC is trading below the pitchfork resistance level and consolidating in a bearish flag on 3D TF.
BTC is trading in 3-Day range between 48065 and 32338, which are the key levels to observe to decide bull or bear market.
As BTC is consolidating in a bear flag, so further consolidation can be expected and a successful breakdown of bearish flag would be a bearish sign for the market.
A successful breakout above $48.2K would confirm that this is a bear trap and we are in a bull run.
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- Med Signals®