#USIranTalksPostponed $BTC Breakout!?

Up or down!?
The price action broke downward from the large blue bear flag with a target of $48,900.
Then it formed a descending white triangle. A breakout from the descending triangle happens 68% of the time. The target of the descending triangle is $63,713.
When the white descending triangle breaks, we can see a pink cup and handle. Right now, the price action is forming the handle of the descending triangle pattern.
If the price can hold the 200-period moving average on the yellow 5-minute chart for 5 minutes, then return above the 200-period moving average on the 15-minute chart—currently at $63,458.
We might see the 200-period moving average tested on the hourly chart again. This would also be a bearish test to retest the break of the larger blue bear flag.
This is what I’m waiting for before entering the trade.
There are many possibilities for a drop.
The 200-period moving average on the hourly chart is starting to turn, indicating weakness in the bulls.
NFA, DYOR ⚠️
#Crypto #تداول #BTC