Hello,
Looking closely on market, it shows a typical bearish rising wedge breaking down and price been aiming for a potential re-test before further drop.
The market priority right now seems to be favoring short as likely wave cycle seems completed after price got rejected towards 12,500$.
This is my plan, Re-shorting from 11k-11k5 area with tight stop loss(Moreover I will exit my short if setup break upside unexpected)
We should focus more on our immediate support 9700-10000$ any break below it will activate massive drop which should lead us towards shorter immediate targets.
Looking closely on market, it shows a typical bearish rising wedge breaking down and price been aiming for a potential re-test before further drop.
The market priority right now seems to be favoring short as likely wave cycle seems completed after price got rejected towards 12,500$.
This is my plan, Re-shorting from 11k-11k5 area with tight stop loss(Moreover I will exit my short if setup break upside unexpected)
We should focus more on our immediate support 9700-10000$ any break below it will activate massive drop which should lead us towards shorter immediate targets.
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