Technical analysis by hojatbyt about Symbol BTC: Sell recommendation (3/17/2024)
https://sahmeto.com/message/2689466

hojatbyt
Rank: 19700
Analytical Power:
1.4

BTCUSDT 🔎"BTC has formed a bearish structure on a daily chart, But in the weekly and monthly charts, it is still bullish 👉 During this period, i have two targets for BTC and i am waiting for it to reach 64,000 and 59,000 . Then, we must analyze it again and make a decision based on daily market confirmation for trend continuation. 🔻 On the other hand , as we approach the end of Q1 and considering BTC's movement in the past 6 months, it has only moved upward on a monthly chart without a rest. Probably in Q2, we will see some rest and retracement, but we need to think carefully and react best to the market. I will keep this analysis updated ."
Translated from: English
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Signal Type: Sell
Time Frame:
4 hoursPrice at Publish Time:
$68,556.44