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BTCUSD D1: 50% correction off the highs / 35 000 USD (UPDATE) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. review original idea below. correction alerted at 50 000 USD
🔸 Summary and potential trade setup ::: BTCUSD D1 chart review ::: CORRECTION MODE in progress now ::: correction not over / more downside ::: updated/revised outlook ::: risk now shifts in BEARS favor ::: limited upside from here ::: for now we are locked in range ::: upside limited by fresh supply ::: heavy double top / rejection pattern ::: 50% correction off the highs - 35 000 USD possible ::: 50 000 USD is WEAK S/R won't hold ::: bulls seek to buy low from my level ::: expecting BOUNCE off 35 000 USD ::: BUY LOW near 35 000 TP is 55 000 USD ::: BEARS should focus on SHORTING from ::: overhead/fresh supply zones near 52 000 USD ::: to complete the sequence ::: near 36 000 / 34 000 USD later ::: expecting complex correction however ::: beyond 35 000 downside is LIMITED ::: 35 000 USD strong / confirmed S/R ZONE ::: recommended strategy: BULLS BUY 35K exit 55K ::: recommended strategy: BEARS SHORT 52K exit 35K ::: as always DO YOUR OWN DUE DILL ::: bull run not over yet ::: good luck traders! 🔸 Supply/Demand Zones ::: 54 000 / 55 000 USD fresh supply zones ::: 34 000 / 36 000 key S/R BULLS 🔸 Other noteworthy technicals/fundies ::: TD9 /Combo update: N/A ::: Sentiment mid-term: MIXED/RANGE ::: Sentiment short-term: BEARS/PULLBACK
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and i think 40K is strong enough for local pump here