#BTCUSDT

#BTCUSDT

Potential Deep Correction Looms
Following a significant surge, Bitcoin has undergone a dramatic decline, signaling a possible deep corrective wave. This sharp fall has engulfed several candles, suggesting strong selling pressure.

The presence of a valid and robust bearish engulfing candlestick pattern (CH) further reinforces this potential correction. Additionally, two significant Fair Value Gaps (FVGs) reside at the bottom, acting like magnets, potentially attracting the price downward.

The analysis identifies short-term Take Profit (TP) targets. However, its validity ceases once a daily candle closes above the supply zone.

Therefore, traders should only consider sell or short positions within the established supply range

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CryptoAnalystSignal

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Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.

CryptoAnalystSignal

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