Chart Pattern Analysis of Bitcoin

25 Tem 2023

Last day's closed price is under the horizontal neck-line.
A new downtrend had established.
Long position have to stop loss.
And wait for an new opportunity to short it.

Today's candle is also important, if it have a relatively longer body and increased volume,
That will verify the new born downtrend.
or else, a temporary stop and retest action will come up.

26 Tem 2023

Not

A temporary stop and retest action may come up.
If a long body candle closed upon 30352, the uptrend may resume.
Otherwise, the downtrend will most likely go on and expand it's scale.