BTC - Bearish Short-Term...

٢٢ أكتوبر ٢٠٢٤

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

📉After breaking below the previous low of $68,000 (marked in red), BTC's momentum shifted from bullish to bearish in the short term.

The question is: until when or where?

As long as the bears remain in control, the next major support zone that could hold BTC up is the $63,000 demand zone.

📈Around that demand zone, we will monitor price action and look for bullish setups to confirm a potential reversal.

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich