BTC DOWNTREND OR RETRACEMENT ?!
Hi there, my fellow finance experts
This is Uriel changed the nickname;)
It seems that Bitcoin is currently facing a crossroads,a potential drop from $35,000 to $30,000 is on the horizon The charts indicate a downtrend and a shift in market sentiment.
* In next week
The charts indicate a downtrend and a shift in market sentiment, suggesting caution is warranted.
What adds even more conviction to this theory is the CME gap that has caught our attention. Bitcoin has reached this significant point and tested its boundaries, with the resistance line on this CME gap holding great importance.
I also agree with your assessment that reaching $30,000 could be seen as a retracement or a bearish signal. Personally, I see it as bearish as well.
It's important to keep a close eye on the market and adjust our strategies accordingly.
Wishing you all success in your financial endeavors:)
Best regards
This is Uriel changed the nickname;)
It seems that Bitcoin is currently facing a crossroads,a potential drop from $35,000 to $30,000 is on the horizon The charts indicate a downtrend and a shift in market sentiment.
* In next week
The charts indicate a downtrend and a shift in market sentiment, suggesting caution is warranted.
What adds even more conviction to this theory is the CME gap that has caught our attention. Bitcoin has reached this significant point and tested its boundaries, with the resistance line on this CME gap holding great importance.
I also agree with your assessment that reaching $30,000 could be seen as a retracement or a bearish signal. Personally, I see it as bearish as well.
It's important to keep a close eye on the market and adjust our strategies accordingly.
Wishing you all success in your financial endeavors:)
Best regards
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