According to the replicated analysis, at the peak of the 23,000 resistance break, it was announced that this break was fake and the falling scenario happened as expected while most of the market was in the illusion of a pullback to 23,000.
Even the reaction to the 21500 area happened in yesterday's analysis, which was the bottom of the bearish channel.
Currently, Bitcoin Midline has lost the upward channel in the 4-hour time frame, and if selling pressure allows it to grow to the range of 21500, it is still pulling back to the midline channel in the 4-hour time frame.
Even the reaction to the 21500 area happened in yesterday's analysis, which was the bottom of the bearish channel.
Currently, Bitcoin Midline has lost the upward channel in the 4-hour time frame, and if selling pressure allows it to grow to the range of 21500, it is still pulling back to the midline channel in the 4-hour time frame.