Btc has broken down the rising wedge and currently looking very weak after seeing from different angles.
59.5K is a main key level for BTC and it breaks down that marked support then our next main level is 56K.
Ichimoku cloud support is at the level of 58.5K. Btc also making a bearish flag.
Currently we are in an indecision structure after breakdown as bears and bulls are fighting at this level and greed index is at full level. So market will try to create fear in the market before a leg upward.
59.5K is a main key level for BTC and it breaks down that marked support then our next main level is 56K.
Ichimoku cloud support is at the level of 58.5K. Btc also making a bearish flag.
Currently we are in an indecision structure after breakdown as bears and bulls are fighting at this level and greed index is at full level. So market will try to create fear in the market before a leg upward.