BTC, YOU DECIDE WE REACT

2023年2月4日

Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX

If you like the idea, do not forget to support with a like and follow.

BITCOIN QUICK UPDATE

As we can see price is still trading this flat rising channel

Let's cover all possible scenarios!:

1- For the bulls to remain in control we need a break above the marked upper major swing high, where the price will be facing the next rejection zone 25k 25.5k

2- For the bears to kick in we need a break below the upper neckline swing low from a short-term perspective, where we can see some reactions as we will be approaching the lower rising trendline

3- From a medium-term perspective and for the bears to kick in and start the correction we need a break below all the structure covering all the movements

Then further movement lower would be expected where we will be looking for new longs as well starting from 21k-20k support zone.

If you like this kind of analysis don't forget to like and follow

and as usual follow your trading plan and manage your risk.

Be patient and good luck!

2023年2月4日

注释

See you there traders: t.me/Snipers_F_x