Technical analysis by Dion-FX about Symbol BTC: Sell recommendation (10/11/2023)

📈 BTC/USD: Short-term Drop with Upside Potential 📉Recent USD weakness fueled a rise in BTC 🚀. Now, with the Dollar initiating a pullback, I anticipate a short-term drop in BTC/USD. After that, I'm looking for a continuation to target the $31,500 level. Here's what to keep in mind:- USD Influence: Recent Dollar weakness played a role in BTC's ascent 📉.- Short-term Drop: Expect a temporary pullback in BTC as the Dollar regains strength 📉.- Upside Target: The goal is to target $31,500 as the next potential move upward 🚀.- Risk Management: Set clear stop-loss and take-profit levels to protect your capital ⚖️.- Technical Analysis: Use technical indicators, like moving averages or RSI, to time your entry and confirm trends 📊.- Stay Informed: Keep an eye on news and events that could impact both BTC and the USD 🌐.Remember, this analysis is not financial advice, and all trading carries risks 🚨. Make sure to do your own research and tailor your strategy to your risk tolerance. Good luck with your trading journey! 🍀📈💹BTCUSD ANALYSIS UPDATE 15/10/2023TP 2 30000 OF Main chart HIT TARGET 31500 HITFULL TARGET REACHEDMARKET WILL EVENTUALLY GO AN TAKE THE HIGHS