[Bitcoin] Convergence bearish breakout! Bearish or extention?

#Crack #Bitcoin #Binance #Daily

- Without breaking the resistance of $30,444.93 mentioned in the previous briefing, it looks like Bitcoin ended with a bearish convergence due to the emergence of a sell-off.

- We need to prepare for a bearish trend, but we also need to keep in mind the possibility of an extended convergence.

- A successful $28,715.32 support suggests the possibility of a rebound and extension of convergence, while the $30,444.93 and $31k-$31.6k resistances remain important resistances to break out.

- If the $31k-$31.6k resistance is broken, we can expect an bull trend towards the green box with the bottom of the blue bull channel.

- If the $28,715.32 support fails, further bearish trend can be expected due to the downward departure of the triangular convergence, and a decline to $22.7k-$23.8k or $17.1k-$19.7k can be expected.