The BTC is still in trouble, although it climbed to 4384 this week.
On the weekly chart, this week's candlestick is not over yet. It looks like he's about to make a doji under the median line of BB.
The weekly bear signal could send it to 2k where is FIBO1.27.
On the daily chart, BTC found itself in a position where BB was hurting. And we still have two candlesticks to wait to see if it's just his last breath.
On chart 4H, you could already see powerful bear candlesticks and this bearish signal aims to lower the price to 3700.
However regarding the short term engulfiing candle confirms the short term rally and time to setup distribution targets.
Short Term Distribution Targets
Target1 : 4093 USD
Target2 : 4370 USD
Target3 : 4648 USD
Target4 : 5043 USD
Stop Loss : 3340 USD
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happy trading
