BTC: #2 - Short Term Trading Scenario

2023年11月30日

BTC: #2 - Short Term Trading Scenario

Also today BTC is still developing a large corrective pattern and without a clear direction.

This suggests that the price can release more liquidity in the short term.

BTC is already expensive and the market has to take also profits.

The chart didn't change too much from yesterday.

On the 4-hour chart, the price may find immediate resistance near 38130.00 - 38340.

The sellers can take control of hte price from this zone by pushing it down to 36696 and probably lower.

Stronger support will be found near the second target 37400 where we can see the bulls
to join the market with hopes of pushing the price further again.

A move below the triangle pattern can increase the chances for more downward movement.

Thank you and Good Luck!