#BTCUSDT

21. Mai 2023

Hello everyone! What's going on with Bitcoin? We tested the order block on the 4 and 6-hour charts and saw a bearish engulfing pattern. This indicates that the market is not yet willing to move towards the 27,900-28,500 range. I expect further downside movement towards the levels indicated on the chart. In general, the target for the decline is around 23,500-24,000, as the structure broke on the daily timeframe. If we also look at the weekly timeframe, we can see that we are still in a downward trend for now.