BTC analysis for 15/08/2023:

BTC after surging to 29600 – The Supply Zone of the D1 timeframe has appeared 1 bearish engulfing, a sharp reversal in the H4 timeframe last night, pushing BTC back down.

D1 closes a long beard drawdown bullish candlestick around 29400

Short-term: The market shows that selling has appeared strong around the 29600 area, so today we will wait for the rebound around this area to sell down to continue following the BTC trend.

Medium and long-term: Blackman still holds the view that BTC will fall in the near term and will soon test 25000 again.

Command reference:

Sell 29500
SL 29700
TP1: 29300
TP2: 29000


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