Bitcoin in February 2024BINANCE:BTCUSDT.P
Local targets for Bitcoin in February 2024
Possible Targets and explanation idea
➡️12H timeframe Fib is relevant. After bounce from 27 zone we can see drop to 40300
➡️40300 is a key level what we need to hold forming H&S pattern on 4H
➡️Target for this pattern will be over 46-48k and liquidations over 5 billion
➡️Above we will test again Montly FVG
➡️If we will not hold 40300 road will be open to 36600
➡️Market Mood indicator in hope zone on 12H need to see "depression" grey zone
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