#BTC still consolidating since a week but a new weekly candle closed giving new indications. Weekly candle closed bearish after the 4 consecutive Bullish ones and now made a rejected with the new resistance formed within inside the zone. Retracements are high probable now, lower Timeframe suggest a drop till $50,000.
Today tranding
AI-generated summary
Bitcoin has been consolidating for a week, with a new bearish weekly candle closing after four consecutive bullish ones. A new resistance level has formed, indicating a high probability of retracements. Lower timeframes suggest a potential drop to $50,000.