Bitcoin / TetherUS
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Bitcoin is bearish | stay cautious (1H)

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This analysis is an update of the analysis you see in the "Related publications" section

We have been warning about a potential Bitcoin correction for some time. It appears that wave G has ended, and key levels have been lost. If the price reaches the red box, it is expected to be rejected downward.

The green zone is a relatively strong support area for Bitcoin, and we should closely watch this level.

A daily candle closing above the invalidation level would invalidate this analysis.

For risk management, please don't forget stop loss and capital management
Comment if you have any questions
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Zlecenie aktywne
After hitting the marked zone, it has dropped by over 3.39%

It's wise to take profit here, as Bitcoin could potentially move back toward the red zone | or even beyond | from one of the two green boxes | Pay attention to the yellow arrows.

snapshot

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