Bitcoin has been moving in a descending channel for several days.
It seems that Bitcoin has formed a descending scallop pattern to break the support line.
I expect Bitcoin to fall to the ๐ขsupport zone($21600-$20940)๐ข and the lower line of the descending channel after breaking the neckline.
โ๏ธNoteโ๏ธ: We must wait to break the neckline to verify the descending scallop pattern.
๐Descending Scallop๐: Descending Scallop is a continuation pattern that forms in the middle of the downward trends, where the price continues its downward trend after that.
Bitcoin Analyze ( BTCUSDT ), 1-hour Time frame โฐ.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will gladly see your ideas in this post.
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