Bitcoin analysis today (February 16) - Too much! Be careful of price traps! 😤😤😤

Despite another day of increases yesterday, it seems now is not the time to buy and chase #Bitcoin anymore, because there is a possibility of a bullish price trap waiting. We invite Crypto friends to consult today's Bitcoin analysis to discuss more about the market situation.

TODAY'S BITCOIN ANALYSIS OVERVIEW:

The overbought status of #Bitcoin D1 increased further as yesterday's D1 bar created a doji pattern and was completely out of bounds on the Keltner Channel. With this situation, you need to be careful of rising price traps.

#Bitcoin H4 is stalling in an uptrend. You can wait for the price to drop to buy from the support confluences below.

See full analysis in the link below $BTC Analyst BTCUSDT 16/02/2024