$BTC updated the plan on 02/12/2024. In this article, I will talk about the H4 and D1 time frames. It's a bit contradictory, but the ranges are still the same.
The operating range is between 89,800 - 97,500 for both the D1 and H4 time frames this week. The D1 frame is really bullish, staying above the trendline in line with the continuing upward trend.
However, H4 is the opposite, the candle seems to want to test below $91,000 and test the range of the pennant pattern around 90,400-92,200. This morning I also intended to update but wanted to see how it reacts to these two frames, but preliminarily, it has matched the H4 frame already. I expect to retest 96,400-96,900, then you can short down again.
This week is still expected to be sideways in this range for ETH Bull trap to push Altcoin up further and then adjust later. For this period, I am only trading spot and margin Altcoin, not heavily trading BTC. Please refer if you want to long or short.