Technical analysis by Zjien13 about Symbol BTC on 12/18/2023

If you manage to read the market structure correctly, you will see that liquidity is made between swing low and swing high. The halving is approaching. I think the pullbacks will occur in the first quarter of the year and then be replaced by a nice bull. While the price was climbing up at 38600, it left an untaken liquidity zone. I still think there will be a deviation to that zone within this range. Afterwards, there will be an increase towards $42000 and depending on the reaction of the price there, I think we will see whether it will reach $32000 or not and where it will change its direction according to the price movement when it comes. This is the scenario in my mind. Of course, this scenario may change. Whatever the price shows and whatever the trend is, you need to act accordingly. You cannot try to swim against the current. Don't forget to manage your risk.Comment: The price received a weak reaction from the range eq. The weekly opening is now in the middle of the range. In such cases, the range eq works better.