VIP MARKET UPDATE: $BTC
BTC is trading below the pitchfork resistance level and consolidating in a bearish flag on 1W TF.
BTC is trading in weekly range between 48065 and 32338, which are the key levels to observe to decide bull or bear market.
As BTC is consolidating in a bear flag, so further consolidation can be expected and a successful breakdown of bearish flag would be a bearish sign for the market.
A successful breakout above $48.2K would confirm that this is a bear trap and we are in a bull run.
- Binance Killers
