#BTC

Update BTC 14/03
- Yesterday, BTC failed to break the neckline and reversed down below the 80k zone, so the reverse VDV pattern on the H4 timeframe failed.
* On the D1 frame: After consecutive days of price increases, yesterday BTC returned to a declining candle with a wide range, but the trading volume also decreased, indicating that there are not many strong sellers, so this may be a downward correction after 02 consecutive rising sessions.
- Structurally, BTC is still in a downtrend, as evidenced by the decreasing price lows + the descending price channel (bearish channel).

* On the H4 frame - After the reverse player model fails, BTC is forming a sideways price range from 80-84k with decreasing volume. It can be seen that the price momentum weakens as BTC approaches the lower support area of the 80k price range, so in the short term, BTC is likely to have an upward movement to test the upper boundary of the price channel.

* Short-term trading idea: Wait to buy BTC in the lower range of the price range, expecting BTC to rise to test the upper range of the price.