Bitcoin failed to break bullish confirmation level, and break down flag support.
this price action make bullish flag pattern invalid, and we have to lower our target for intraday setup.
The good news is :
Bitcoin confirm our new support at 3773 as a strong support level ,
this level also as fibonacci 618.
The last price action movement confirm a new ABCD fibonacci pattern perform with target at fibonacci 1.414 at 3970.
Note :
- I will update this analysis as soon as we have a new pattern
** If you agree with this analysis, let me know by click "like"