btcusd daily expecting pullback to 18 000 usd

Hello traders, hope you didn't get caught up in this mess recently.
Let's review the bitcoin daily chart, so we zoom out to get a better
perspective on the price action. We are still stuck trading in
major range, range bound since July 2022. Right now trading
near range highs close to 25 000 USD, and it's not a great spot
to go long, because most likely you are going to get stuck in
the pullback off the highs.

Range is defined by range highs at 24 000 USD
and range lows at 19 000 USD. premium prices
overhead at 25 500 usd and 28 000 USD. premium prices
below at 17 500 USD and 16 000 USD.

Recommended strategy short-term: short near market price
stop loss above recent highs and tp bears is 19 000 USD.
most likely we are maxed out already and limited upside.
Bulls should remain on sidelines and stay patient and look
to buy low later near 18 000 / 19 000 USD closer to premium
prices below range lows.

Overall, it was an impressive reversal, having said that the
fast gains usually won't last, so most likely we are getting
a decent pullback over the next 2-4 weeks.

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הערה:

still trading near daily opening price

הערה:

apeusd daily 50% correction in progress