Technical analysis by OM-MADY-stockmarketclasses about Symbol BTC: Sell recommendation (2/9/2024)

At the last 4 hour momentum, Bitcoin showed a reversal into a bearish cycle. At a price of 38555 the BTC began to rise and go into correction.At the moment, the price is completing the correction and is approaching the last point of interest - the chart shows it as an entry zone for a short position. This entire area is a order flow, or a single Order Block on the daily time frame.Order Block mitingation. Confirmation of reversal on a lower timeframe is required.Weekly timeframe looks like bullish. Dont short without reversal confirmation.I took the risk on short, entry timeframe 1H, trade timeframe 4HThree target pointsThe position is closed by stop loss. Well, let's see what happens next.under control