Technical analysis by Zjien13 about Symbol BTC: Sell recommendation (12/13/2023)

If the price reverses its direction in 1 hour, it will tend to go up to its daily OB. This may happen if it throws itself above 42500. The range on the chart is the range formed by the price movement in the first quarter of 2022. Range structures created by previous price movements over a large period of time work well. When the first pullback fails to hold around 38600, I expect it to drop to around 33000. Look for confirmation in the lower time frame in which you are trading. In this way, you can participate in the transaction with extra approval and higher RR.