BTC bear flag breakdown target $7075
We have discovered that a bear flag was made and it broke down, Technical target of that pattern is $7075. I am NOT saying this is going to be a hit for sure but just sharing this analysis which we recently discovered. We might see a retest towards $21500 and then break down.
Another confluence is rising wedge on 4H, Technical target of that is $18,474.
We are poised that macro environment is not favorable for bulls in anyway as the structure of the market is making lower highs which MOSTLY leads to lower lows. Lets wait for monthly closure to analyze further price action.
Another confluence is rising wedge on 4H, Technical target of that is $18,474.
We are poised that macro environment is not favorable for bulls in anyway as the structure of the market is making lower highs which MOSTLY leads to lower lows. Lets wait for monthly closure to analyze further price action.
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