BTCUSDT - Bearish sign?

24 Ara 2024

daily chart displays a ascending broading wedge pattern

can notice obviously how price action going when touches the lower side of the pattern

You'll notice a full absorption of the candle, with only a wick touching the lower part of the pattern.

It's important to understand that the ascending wedge pattern is inherently bearish, often signaling a downward move. However, Bitcoin rarely gives you a clear short signal like this—it will likely liquidate all short positions first.

What’s expected is a strong upward move in the coming days, followed by a drop. Bitcoin’s target for this correction is 85k.

26 Ara 2024

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my analysis was bearish that's why all market bleeding now