🔥🔥🔥Important news, read carefully!🔥🔥🔥
👉 BTC has reached our first area of interest ($65,600) from the review and this post. I am already in a trade with half of the previously planned volume, and will "add" the other half if the price reaches the daily imbalance at $64,800–63,200 (stop loss below structure break at $59,000).
👉Locally, the price is perfectly mirroring the correction from October 8–11 (retail was given a whole day to open longs at $67,000–67,500, and then it was taken down). I highlighted this here, and if history repeats itself, we may see another drop tomorrow, followed by recovery on Friday.
👍Yesterday, many channels were “catching longs” at $67,500–67,000, entering dozens of times.
👉ETH – everything has been said in the review (there is a reaction at the upper boundary of the triangle, confirming our view). This was one of the "precursors" of the market correction, which we identified. I would consider new trades only near the lower boundary of the triangle (or after a false breakout downwards and a return inside the triangle, a trade could be considered). Opening a trade "midway" right now doesn't make sense. I still expect ETH to start growing, but through a "false breakout," more details in this post.
✔️ We expected this correction last week, before October 25. Personally, I don’t see BTC dropping below $63,000–64,000 in the near future. I believe you have two days to build your positions before the rally continues. Only spot investors will survive (don’t overuse leverage) ❤️