From the area marked with the green arrow, Bitcoin entered a bullish phase, which developed in the form of a triangle pattern. This structure has now been completed, signaling the end of that bullish consolidation phase.
After that, from the point highlighted by the red arrow, a diametric pattern began to form, marking the start of our bearish phase. This shift in market structure suggests that sellers have regained control on the higher timeframe.
At the moment, price action appears to be near the end of bearish wave E within this diametric structure. A short-term recovery is likely, forming wave F, which could temporarily relieve selling pressure. However, once wave F is completed, Bitcoin may experience another strong bearish leg to form wave G.
The 64K zone stands out as a critical downside target and potential completion area for this bearish diametric pattern. This level also aligns with key support and liquidity zones, making it an important area to monitor closely.
As always, keep your risk management in check and adjust your trading bias according to how price reacts around these key levels. Let’s see how the market unfolds.
If you have a coin or altcoin you want analyzed, first hit the like button and then comment its name so I can review it for you.
This is not a trade setup, as it has no precise stop-loss, stop, or target. I do not publish my trade setups here.
After that, from the point highlighted by the red arrow, a diametric pattern began to form, marking the start of our bearish phase. This shift in market structure suggests that sellers have regained control on the higher timeframe.
At the moment, price action appears to be near the end of bearish wave E within this diametric structure. A short-term recovery is likely, forming wave F, which could temporarily relieve selling pressure. However, once wave F is completed, Bitcoin may experience another strong bearish leg to form wave G.
The 64K zone stands out as a critical downside target and potential completion area for this bearish diametric pattern. This level also aligns with key support and liquidity zones, making it an important area to monitor closely.
As always, keep your risk management in check and adjust your trading bias according to how price reacts around these key levels. Let’s see how the market unfolds.
If you have a coin or altcoin you want analyzed, first hit the like button and then comment its name so I can review it for you.
This is not a trade setup, as it has no precise stop-loss, stop, or target. I do not publish my trade setups here.
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✅ Join our Telegram channel to succeed in crypto trading.
💎Our CRYPTO Telegram Channel: 👉 t.me/Behdark_EN
💎Our FOREX Telegram Channel: 👉 t.me/FX_Behdark
💎Our CRYPTO Telegram Channel: 👉 t.me/Behdark_EN
💎Our FOREX Telegram Channel: 👉 t.me/FX_Behdark
Publicações relacionadas
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.