DEALERBTC My Thoughts: #BTC $BTC #BITCOIN Bull Exhaustion zZzZzZ

This trade idea is an update to my previous two. The price action is telling me that the bulls are losing force. As I said earlier today, if price fails to clear above $43,497, I believe the $37,400 region may be in play. $37,400-$34,900 may become a consolidation zone before the next move. If price fails to continue upwards from this consolidation zone that I just pointed out, I believe $30,600 will very likely get a visit.

I have showed this in stages, but the bears may always come in with force. If the bears can come with enough power to break down below $30,600 in 1-3 daily candles, I believe there is good likelihood that the low of 2023 - currently $15589 - would get a visit and likely be broken.

If support at $34,900 is lost, I do not believe there will be any significant bullsih bounce until at least February 2024.

This trade idea is not financial advice. I am not a financial advisor of any kind. I am a stupid degenerate gambler. Please do your own analysis, responsibly manage your risk, and stay safe.

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