Today we will consider a small overview of Bitcoin.
The first thing that looks in the eyes is a narrow trading range (marked with gray rectangles) And we also left all the levels that we had designated before this time.
If we briefly describe the situation, we expect the demolition of stop loss long positions and a quick recovery to the level of 45500-46800
Why do we assume so?
According to the analysis, we are locally in a downtrend. Locally - everything above the level of 43000 - can be evaluated as a long position, in order to return the price to the mirror level zone. This is seen by many market participants, including big players. The volatility is decreasing and the trading range of the price is shrinking. This is the first sign for big manipulations.
The gann angle indicates that in the near future we will see the price go beyond these gray rectangles. Considering also that target days
These are daily targets for Bitcoin.
Upper limits: 45300 - 45950🚀 Lower limit: 41000 - 41580☄️ Our analytics team is looking forward to the turn of events as shown in our chart.
Our review, a short-term trading idea, where the target days are specified until January 19-21.
Based on the many points that we take into account, what you see on the 4 hour timeframe is more logical than your comment. We did not write that we should be above 43000 every week. Only at this time and for the next 2-3 days, which we wrote about in our trading idea