$BTC $ETH Headline: $TAO Analysis: Market Structure Shift & Potential Targets for January! 📉🚀

As you can see on the chart, Tao failed to sustain its position above the Deviation Box. The rejection at that level has pushed the price significantly lower.

On the 4-hour (4H) time frame, we have clearly witnessed a Market Structure Shift (MSS). Additionally, a very important Trendline has been broken, which confirms the bearish momentum in the short term.

My Prediction:

Short-term Target: I expect the price to reach the $206 level within the coming month.

Monthly Outlook: There is a strong possibility that it will sweep the December monthly candle lows before we see a trend reversal.

January Pump: After this correction and liquidity sweep, we could see a strong recovery and a massive pump for Bittensor (TAO) in January!

Always do your own research (DYOR) before trading.

#TAO #Bittensor #CryptoAnalysis #TradingSignals #BinanceSquare #TechnicalAnalysis #MarketUpdate