$BTC BITCOIN: Weekly, Daily, and Hourly Analysis
Looking at the bigger picture, the situation doesn’t look very promising. The price seems likely to remain within the range (horizontal band). If this consolidation continues, it would be logical to look for short positions on every retracement for a while.
Q4 (the last quarter of the year) doesn’t seem likely to proceed as everyone expects. While most are anticipating a bull market, a sharp reversal is quite possible.
What we need to do here is read the price action accurately and shape our trades accordingly. Additionally, it’s very important to base our expectations on technical and fundamental analysis rather than emotions.
Examine the chart carefully and analyze the levels thoroughly.
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