Warning
Daily Bitcoin Time Chart. There are several points to consider
1- The most important negative point and what happened after a few months; The closing of the daily candle is below the important support area of 42046, i.e. the red candle that has been identified and this has issued the first bearish warning.
2- The second green candle engulfed this candle, but it is far from breaking the blue trend line.
3- The only promising point is the chart's reaction to the medium-term trend line of Bitcoin or the black line, which can be seen from this area after the past three daily candles have returned from this area.
4- Intersection of the black medium-term support trend line with the red 42046 support area. That is, any candlestick below this area can confirm the decline and the first target can be 37969
Daily Bitcoin Time Chart. There are several points to consider
1- The most important negative point and what happened after a few months; The closing of the daily candle is below the important support area of 42046, i.e. the red candle that has been identified and this has issued the first bearish warning.
2- The second green candle engulfed this candle, but it is far from breaking the blue trend line.
3- The only promising point is the chart's reaction to the medium-term trend line of Bitcoin or the black line, which can be seen from this area after the past three daily candles have returned from this area.
4- Intersection of the black medium-term support trend line with the red 42046 support area. That is, any candlestick below this area can confirm the decline and the first target can be 37969