TradeCorp2011

So, the long on Bitcoin has played out (indicator), and now we have received a short signal. Let's see how it performs. If we don't consider the indicator's take-profit levels (27580, 520,466), overall, I expect to see around 27330+- . A possible decline to 26600+- is also possible, but that's if sellers are lucky and want to push it down to that level. For now, it's just a gradual descent for liquidity purposes.

btcusdt We finally went for a retest of the first order block I mentioned yesterday. We removed the stop losses behind it and currently attempting to break out of it. If the 4-hour candle closes below the order block, there is a chance for the asset to go below 26,000. Further developments will be visible at that point, but for now, it may remain in a flat range throughout the weekend. The flat range could be between 26,600 and 27,200. I am currently working from a short position.

btcusdt The decline continues as expected. Currently, we are filling the unfair price, and we also have two order blocks at the top. It is not certain that we will reach them, so this should be taken into account when accumulating short positions with targets around 23500+-. For now, things are not looking good for long positions on the chart. We can only see how persistently bulls are trying to salvage the situation, but I believe that once they realize that Bitcoin is far from being a "safe haven," they will sell off everything without remorse.

Hello everyone! What's going on with Bitcoin? We tested the order block on the 4 and 6-hour charts and saw a bearish engulfing pattern. This indicates that the market is not yet willing to move towards the 27,900-28,500 range. I expect further downside movement towards the levels indicated on the chart. In general, the target for the decline is around 23,500-24,000, as the structure broke on the daily timeframe. If we also look at the weekly timeframe, we can see that we are still in a downward trend for now.