BitcoinShort
SHORT BTCUSD (TARGET IS LOWER OF 50K AREA)
BITCOIN is still bearish and the correction to the downside is not yet over.
It is in a descending channel and retested the upper level and heading to the lower channel,
and possibly forming a head and shoulders on the 4H timeframe with the neckline being at a strong major support (Demand zone) at level 60k-61k and a break below will confirm its fall to next major support demand zone at area 52k which a major buy zone and maybe the end of the correction phase.
It is in a descending channel and retested the upper level and heading to the lower channel,
and possibly forming a head and shoulders on the 4H timeframe with the neckline being at a strong major support (Demand zone) at level 60k-61k and a break below will confirm its fall to next major support demand zone at area 52k which a major buy zone and maybe the end of the correction phase.
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