Technical analysis by Bullish_Traders about Symbol BTC: Sell recommendation (20 hour ago)

🥱 Since 2017, I have never seen the crypto market this boring and stagnant. The best strategy in such conditions is simply to stay away from trading, because the risk-to-reward ratio of any trade at the moment is not attractive enough to justify entering. 👉 Anyway, let’s take a look at Bitcoin’s current situation. 📥 The $123,000 zone acted as a key resistance, and in my view, the second rejection should be considered as wave B, At the moment, we are in the cycle of wave C 📉 I believe wave C still has one more leg down toward the $104,000 area, as wave 5 of C. 👉 As long as the price is trading below the $113,000 range, entering any long positions is not recommended.