btcusd h4 30% correction target 32 000 usd

🔸Hello traders, today let's review 4hourprice chart for BTCUSD and potential
reversal zones. We got a weak bounce in progress since we triggered fresh supply
zone near 46 000/47 000 usd, however limited upside as bulls will face strong overhead
resistances , therefore I still recommend to short sell rips/rallies.

🔸All the positive mid-term catalysts are already priced in the current market price,
there are no further catalysts until BTC halving later in April/May 2024. Therefore,
expecting 30% correction after the distribution stage complete later end of January /
Early February 2024.

🔸Currently we are trading at 42 600 usd, short-term bounces possible later near
40 000 usd, however limited upside going forward. Short-term traders might be
interested in accumulating near 40 000 usd for a TP near 45 000 /46 000 usd.

🔸Recommended strategy for position traders: Wait for the distribution sequence
to complete (final death pump), and short sell rips/rallies near 45 000 USD.
TP1 is 37 000 usd in FEB, 32 000 usd in April. Risk/reward clearly shifted in bears favor.

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코멘트:

dump in progress, moon boys - good night!

코멘트:

Bring out The Gimp
The gimp's sleeping
Well, I guess you'll just wake 'em up now, won't you?