According to my analytical view, BTC is already in the Demand Zone position, with the Average Price at 38169, and has been rejected on the Daily Moving Average (WMA-1000) line. And also forming the Second Leg of the Wyckoff Pattern (H4 Timeframe). Thus, it’s expected that BTC will return to its main trend, which is going up.
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Profit target based on Fibonacci Extension tool: TP1 80k (Fib. 1.272) & TP2 92k (Fib. 1.618).
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There is a change in analysis, and this idea is no longer valid. Thank you.
Hopefully my analysis can be a second opinion. And happy trading to y’all.