BTC: short term perspective

8 May 2024

Hello, dear friends!🩷 Let's quickly review the short-term perspective of Bitcoin.

What do we see on the hourly chart?🧐
https://www.tradingview.com/x/bft4mO4I/

The price hasn't reached the upper main medium-term resistance line; we're still within the descending trend. The price has formed a small head and shoulders pattern, indicating that the price will likely decline in the short term.

Possible levels are: 61,100; if it manages to hold and bounce off this level, it's a good sign. If the price will continue falling, the support level will be 59,800.

Take a look at the weekly chart and add the MACD indicator to it.🤫 It will surprise You!😱 What do You see there? Write in the comments!

Which charts are You more interested in? Short-term or long-term?

Thanks for Your attention🤗
Yours sincerely, Kateryna💙💛

8 May 2024

Not

looks like Bart is here