Ready to correct with a stop loss limit trail in BTC
2024-10-18

As mentioned in the previous analysis, as long as we are in the bullish time frame of 4 hours, we can look for a long position in the direction of the bullish market structure, and from the declared area, the long trade is active, and at 68500, half of the profit saving trade volume and the stop loss limit have been trailed, which is expected The price is going to be able to reach the high of the channel that overlaps with the weekly unmitigated wick midline, which has to be seen if the main fall can start from this area or if the high of 70,000 is going to be hit.
If the high of 70,000 is reached, we will see an opportunity to buy every action up to the area of ​​61,000 as we specified in the weekly analysis, but if the price cannot reach the ceiling of 70,000, we can have deep falls even up to 49,000.