Technical analysis by Rice2r about Symbol BTC: Sell recommendation (1/26/2024)

BTC is still consolidating around 39k-40.5k price range There is still uncertain market condition that make big buyer to wait. After the ETF approval, we see a lot of Greyscale BTC are being sold off, as the ETF fee is a lot cheaper than Greyscale. we might see price fall to 38k or even further to 35k for spot trader come in and buy