18/5 BTCUSDT – SHORT – MID Term

BTCUSDT Perpetual Contract BYBIT:BTCUSDT

CHRIS_Crypt

So currently BTC is moving as a accumulation period with increasing buying pressure. and we can see the breakout shall be formed in the future.
But based on the bear flag in Day Chart,
I am still not looking positive on this trend.

So here is my thought, BTC shall breakout soon and reach 31.7k / 32.2k as the bear flag high and then drop back into the range.

Once the breakout of bear flag is formed, we shall see a bullish trend coming the rest of 2022 or reaching 26k or even lower.

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