Salaam
BTC moves in the descending channel since Nov 2021 at ATH.
Here I show my probable scenario.
Falling to somewhere around 16.6 to 17.6k that coincide with 61-78 Fibo.
After that, if bounces from there, will try to break the channel, in case it could succeed, could go around 24-26k, then retest the broken level or descending channel.
Finally could retest 61 Fibo of the last down impulse at 40k!
Pay attention to that even in the case that this scenario plays, we are in down movement and all of these rises will only be a correction of the big down that target somewhere around 8-10k!
This is just my opinion about a probable scenario.
Good luck
BTC moves in the descending channel since Nov 2021 at ATH.
Here I show my probable scenario.
Falling to somewhere around 16.6 to 17.6k that coincide with 61-78 Fibo.
After that, if bounces from there, will try to break the channel, in case it could succeed, could go around 24-26k, then retest the broken level or descending channel.
Finally could retest 61 Fibo of the last down impulse at 40k!
Pay attention to that even in the case that this scenario plays, we are in down movement and all of these rises will only be a correction of the big down that target somewhere around 8-10k!
This is just my opinion about a probable scenario.
Good luck
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