Technical analysis by arya_lih about Symbol BTC: Sell recommendation (1/22/2024)

As you can see in the chart, there is a chance for a Bitcoin bounce before the continuation of its correction. This aligns perfectly with my other analysis regarding the correction preceding the Bitcoin halving in April or May.After a two-week period marked by bouncing movements, we find ourselves approaching a critical juncture. Should Bitcoin fail to maintain the level around 43,550, the likelihood of further downward momentum increases significantly, potentially validating the setup for a continued downside trajectory.