bearish trend continues, but first a small correction
BTCUSD
MSTR
> seemingly bitcoin is about to mirror the market by making a move to the downside, this is longer TF prediction and need to have a separate chart.
> but for now and the next 24/48 hrs, we will get a quick correction.
> as the chart suggests we are in a downward channel with a few imbalances above. my best guess is that it reverse from around here - or - 62.900 zone to retrace back to 64K where it will get a nasty rejection. when that level hits, i plan to go short.
> my first TP is 62.250, second TP is 60K.
> Authors Notes
My approach to technical analysis is built on Fibonacci retracements, pivot zones, price action, smart money concepts, and classic chart patterns. I also use supporting tools and indicators—such as oscillators and moving averages—to refine my view. The chart itself reflects a simplified version of my process, as I prefer to keep visuals clean while incorporating additional analysis behind the scenes.