BTCUSD H4: 17 500 USD TP BEARS new wave of selling (SL/TP)(NEW)

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BTCUSD H4: 17 500 USD TP BEARS new wave of selling (SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.

🔸 Summary and potential trade setup
::: BTCUSD H4 chart review
::: compression in progress
::: distribution/limited upside here
::: short-term bounce(WEAK)
::: however HEAVY S/R at 20 000 USD
::: no upside in this market currently
::: BEARS maintain control / weak bounces
::: distribution inside range since September
::: BITCOIN bulls on life support currently
::: No upside / no valid setups for BULLS
::: 18 700 USD final S/R level already tested
::: multiple times - only shallow bounces
::: BEARS should focus on SHORTING RIPS / SHORT at market
::: TP BEARS based on measured move 17 500 USD
::: No valid strategy for bulls in October
::: so bulls should remain on sidelines
::: heavy x4 rejection from overhead
::: strong prior downtrend in June/August
::: so expect RIPS/RALLIES to get sold
::: to complete the sequence
::: near 17 500 USD
::: recommended strategy: SHORT SELL AT MARKET NOW
::: BEARS TP1 18 500 USD TP2 17 500 USD
::: BEARS SHORT/HOLD at market
::: 17 500 USD is 1.62 extension as well
::: expecting short-term DUMP
::: good luck traders!
::: SHORT/HOLD and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BEARS/DUMP/17 500 USD
::: Sentiment short-term: BEARS/DUMP/17 500 USD

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