Instrument: BTCUSDT
Time Frame: 15m
Exchange: Bitget
Trading Type: Day-Swing Trading
The first scenario is as follows:
Since it is breaking away from the mid-term trendline,
there is a possibility that an AMD pattern will emerge until the point where this trend started.
*This strategy is targeting a price around 58k
The second scenario is as follows:
The short-term trendline is breaking, and a small demand zone is located below. Observing the current Bitcoin movement, a harmonic pattern, specifically a Shark pattern, can be identified. In this case, a short-term rebound might occur.
*This movement through the pattern is part of the detailed strategy included in the first scenario's AMD strategy.
*The rebound price is expected to be around 63k