"BTCUSDT 4-Hour Analysis: Potential Bounce from Red Box
On the 4-hour timeframe, I anticipate a price rebound from the marked red box with the possibility of reaching levels above 28k, and even 29k may be attainable.
In my view, 29k presents an attractive level to consider shorting BTC. I believe that the recent breakdown might be a deceptive move, and there's a chance that the Power of Three strategy (accumulation, manipulation, distribution) could come into play here.
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Disclaimer: This is solely my personal opinion and not financial advice. Remember to conduct your research before making any trading decisions.
Happy Trading!"