BTC UPDATE (12H)
2024-10-17

This analysis is an update of the analysis you see in the "Related publications" section

Description is very important (read) :

We are in the supply range of the previous analysis.

On the left side of the chart, we have a large liquidity pool that we have identified.

We have updated the resistance range. We have already talked about this range (68K-72K) and stated that when we reach this range, close your buy/long positions.

Due to the dominance of Tether and the chart of altcoins, the correction ahead may be deep.

For the positions, approval and trigger should be taken, in this range (68K-70K) the control will be in the hands of the sellers and in this range we are the sellers.

We have two moves in mind, which we marked with numbers 1 and 2 on the chart.

Wait for the next updates.

For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You