BTC NEW UPDATE (4H)

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

The price dropped from the red-marked area in the previous analysis, and this supply zone worked well.

The correction for BTC started from the point where we placed the red arrow on the chart.

We expect a downward move toward the green-marked area.

If the price reaches the supply zone, we can look for sell/short positions as scalp trades.

Closing a daily candle above the invalidation level will invalidate our bearish outlook.

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