BTCUSDT ! Description of the short scenario. Falling down?🤖

23 jul 2022

Bitcoin is in a range. In the last idea I presented two scenarios, but on the chart the preconditions for a short move are forming.

The price is trading in a range between 23000 and 18800, at the moment there was a false break of the resistance of 23000, a retest of the high of 24400 but without updating the tops, perhaps this shows the limit zone of the bears orders, which does not allow the price to go higher.

The global trend is downtrending, since price is in a range, a liquidity zone was formed above 23000 which price reached, there was no global break of the downtrend, it will be if only price goes above 33000.

I predict a fall of the price from the level of 23000 to the range support.

Regards R. Linda!