BTC plan below 42k daily

BTC / USDT

Bitcoin brokedown lower trendline of triangle pattern And found some local Support around 33k-34k

What next ?
Next Possible scenario ...it can go slightly up around trend to retest it before another further drop to 31k-28k and then go up to test major resistance again

There is possiblity BTC can go sideway between ≈30k to ≈40k for weeks

Bulls should hold 30k by the weekly candles so we can hope for another rise soon ..

take care If any weekly candle closed below 30k
can send BTC to around 25k-22k-18k or may be even lower which will be agood spot for buying for the long term

This is most possible scenario in my opinion as long as we dont close daily above 42k

If my ideas help you in trading dont forget press like and follow ...if you have any questions or thoughs feel free to discuss

good luck

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📌This analysis based on 2 points :

1- Wyckoff accumulation (possible spring area)

2- weekly ma 50 still holding but weekly candles needs 7days to close which is long time in current situation

So take this view as a one of possible scenarios and also be prepared for worst too if market goes wrong ...

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Quick Update

We touched support area now

If this level between 31k-28k failed to produced strong bounce with volume

Get prepared for 2nd support 26k-24k (CME GAP)

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BTC pumped hard FROM 31K following original plan by 19.35% 🔥