📈 $BTC Update + Market Update
GM friends! Here's the latest market update and my plan for the next few days, including key upcoming events.
$BTC T.A Update:
$BTC is retesting the Bullish pennet. A successful consolidation above $70,000 for the daily close would be bullish. However, with the Halving Event looming, anything can happen. (photo attached)
$BTC On-chain Update:
Yesterday, nearly $300M worth of $BTC left CEXs, causing a minor correction. Over the past 4 hours, approximately $70M $BTC moved out from exchanges. (3 in 1 photo attached)
$BTC Sentimental Update:
Sentiment for $BTC is currently neutral. We'll buy from the bearish crowd and sell to the bullish. Interested in $BTC Scalping Strat based on Sentimental? Let me know!
(3 in 1 photo attached)
Fear and Greed Index:
We're in an Extreme Greed phase. Hold previous positions, avoid leverage, and refrain from entering new positions during greed. I've shared 15+ setups, all currently in profit. I'm only interested in $ETH positions at this time.
(3 in 1 photo attached)
$BTC Key Events:
In the next 10 days, two major events will impact the market:
CPI Report on 10-4-2024$BTC Halving
CPI data below 3.4% would be bullish; above 3.4% bearish. Halving occurs every 4 years, reducing miner rewards. Historically, we've seen a pre-halving crash, but ETF demand may prevent it this time.(photo attached)
For $BTC, consider scalp longs at $68,600 and $66,600 after confirming levels.
For $ETH, look for entry between $3410-$3490. Extreme greed signals caution; hold positions tightly with safest breakeven.
(photo attached)
Let profits run! 🚀
#CryptoUpdate #BTCAnalysis #MarketInsights #HalvingEvent #ProfitStrategies
