BTC UPDATE
#BTC UPDATE 4 :
In 1D TF we already discussed this rising wedge which played out perfectly but one thing still playing out is this dead cat bounce scenario According to dead cat bounce scenario in daily TF after 50% retracement rejected that then price continuation to downside so if this continuation continue then according to dead cat bounce scenario you can price of bitcoin is finding itself around 4 area where price slowly consolidates and slowly heads to the downward direction that's why I'm warning you even though the price of Bitcoin in short term is showing some sort of relief rally doesn't mean the trend is actually reversing.
In 1D TF we already discussed this rising wedge which played out perfectly but one thing still playing out is this dead cat bounce scenario According to dead cat bounce scenario in daily TF after 50% retracement rejected that then price continuation to downside so if this continuation continue then according to dead cat bounce scenario you can price of bitcoin is finding itself around 4 area where price slowly consolidates and slowly heads to the downward direction that's why I'm warning you even though the price of Bitcoin in short term is showing some sort of relief rally doesn't mean the trend is actually reversing.
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