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Technical analysis by Age_of_Crypto about Symbol BTC: Sell recommendation (10/25/2023)

https://sahmeto.com/message/510057
Age_of_Crypto
Age_of_Crypto
Rank: 2363
2.2
Sell،Technical،Age_of_Crypto

On most futures exchanges, there was a squeeze up to $36,000.Those who were building up shorts from $29,000, with leverage up to 4x, got liquidated.Those who were building up shorts from $27,000, with leverage up to 3x, also got liquidated.This peak at $36,000 was enough to take out the liquidations of all players with 5x-10x leverage, even with gradual averaging.Over the course of the week, there may be distribution in the $33,000-$35,000 zone, with potential growth within $38,000. After that, a correction to $32,000-$33,000 is expected, followed by the start of the altcoin season.

Translated from: English
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Signal Type: Sell
Time Frame:
4 hours
Price at Publish Time:
$34,190.25
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