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Crypto4light
Feb 1, 2024 1:31 PM

Bitcoin in February 2024 Short

Bitcoin / TetherUS PERPETUAL CONTRACTBinance

Description

BINANCE:BTCUSDT.P
Local targets for Bitcoin in February 2024



Possible Targets and explanation idea
➡️12H timeframe Fib is relevant. After bounce from 27 zone we can see drop to 40300
➡️40300 is a key level what we need to hold forming H&S pattern on 4H
➡️Target for this pattern will be over 46-48k and liquidations over 5 billion
➡️Above we will test again Montly FVG
➡️If we will not hold 40300 road will be open to 36600
➡️Market Mood indicator in hope zone on 12H need to see "depression" grey zone

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✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes.

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