BITCOIN analysis 06/02/2023:
BTC reached the target in week 23000 as expected by Blackmantrader. This is also very normal when it has touched the monthly Supply Zone , which is a large barrier that is difficult to penetrate, forcing BTC to reverse.
– The weekly frame closed 1 bearish candlestick but retreated at both ends with a small body => The bearish signal at the big resistance zone is not very clear , but Blackmantrader will still aim for the target of the 21500 area before taking a further look.
– Today BTC will recover to the 23270 area, where there will be a reversal signal pushing BTC to around 22800, deeper than 22650.
Command reference:
Short (sell) 23270 on reversal signal
SL: 23600
TP: 22800
WISH YOU 1 SUCCESSFUL TRADING DAY
