BTC is looking bearish short to medium term.

Levels marked with O are very important for the bulls at $42,000-43,000, if these break then the next target marked X would be $36,000-38,000.

This is also the target of the Head and Shoulders pattern.

For BTC to be bullish we have to break above $47,000 and hold as support, if we break below $35,000 then there is nothing stopping us going lower.

Safe trading.

BTCChart PatternshodlTrend AnalysisWave Analysis

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