untoldanalysis

BITCOIN(BTC) is likely to rebound in the short term.

Long
BINANCE:BTCUSDT   Bitcoin / TetherUS


* 4H

The $25200-$25300 range is a strong support section.

This section continues to be supported, and it seems possible to rebound in the short term.

The TP for a rebound can be set at two places.

Comment:

TP1 reached.

It's up about $650
Comment:

After reaching TP1, the decline came near the August low, which rebounded quickly and returned above $25200.

The rebound scenario is still valid.
Comment:

It has fallen as expected by the arrow and is rising again.
Comment:

Still in progress
Trade closed: target reached:

TP2 reached.

up more than $1650.
Comment:

After reaching all TPs, it dropped more than $600 along the arrow.

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