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#BTC in a Critical Situation!đšđ
â ïž BTC ALERT 12/27/2023
âą On the 4-hour time frame, BTC is stuck in a limited move between the $44,500 and $40,500 zone.
âą BTC has already broken the support zone and is currently in the retest phase.
âą If BTC passes the retest in the $43,450 â $43,600 area, and rejects successfully, a downward move towards $40,000 could occur.
âą Invalidation of this scenario would be if BTC breaks the 4-hour resistance zone at $43,450 - $43,600 with massive buying volume and passes the retest, leading to higher prices.
âą The overall context suggests a bearish trend, partly due to the panic of Mt.Gox selling its holdings, news which is currently spreading.
âą It is crucial to use stop-loss orders for your short-term trades.
Stay vigilant and follow these developments carefully! đđš
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