$BTC Another Bearish View

Bearish restest of the white bearflag.
Potential Short-Term Targets
• If price breaks below the yellow 1-min 200MA we could see $61,180 and then $60,228
Notice how the red line matches the horizontal red line or the Point Of Control (POC).
The POC shows us where the most liquidity is at in the chart.
Some indecisive price action.
Price has just jumped into the bearflag again.
While price is above the yellow 1 min 200MA expect a bullish reversal.
200MA's are your friends learning to use them in conjunction with patterns is powerful.
Then learning how to properly use individual indicators such as the Relative Strength Index (RSI), Stochastic RSI, and Moving Averages Convergences and Divergences (MACD)
Then learning to use the indicators together.
Then learning to use them together in all the different timeframes.
The moving averages are beginning to curl over again.
Specifically, the 21MA and the 200MA. This can signal weakness in the bulls.
Slong with some bearish divergences stacking up.
Not to mention the Stochastic RSI looking to make some moves down to create its own double bottom.
I bet this breaks downwards below the yellow 1min 200MA.
NFA, DYOR ⚠️
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