$BTC
Guys, let's analyze the KING!
Remember my magical boxes and lines? People made fun of me on these lines but they played beautifully on all of my previous analyses.
I've also drawn two magical boxes with two magical trendlines. One is green and the other is red. They are nothing but Fibonacci resistances. So, two zones to get rejected.
Rejection from the red box will send the KING to $69515 - $68180 and rejection from the green box will send to $73790 - $71706. Tomorrow is CPI data and that will show you the path.
On the 4H timeframe, you can clearly see that there's a double bottom formation whose neckline is that red box and the full target of it will be that green box. That's also a confluence to my analysis.
Before you say any bad words in the comment, please check my previous posts. People also said bad words there and now they are crying 😂
As always, give me a like, follow me, share and comment if my contents help you.
HAPPY TRADING 🫡