Hi, I'm Usman a crypto futures trader with a total crypto investment of $10,000.
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Bitcoin's price is currently expected to trade within a range.
🔼 Upper Range: $60,300 🔽 Lower Range: $59,400
Once the price breaks out of this range, a significant move is likely to occur. The most anticipated move is towards $61,000 ✅.
How to Enter a Long Position? 💼
1️⃣ Breakout Strategy: If the price breaks above the $60,300 level, we can open a long position. 2️⃣ Bounce Strategy: If the price tests the $59,500 level and bounces, we can also enter a long position.
🎯 In both cases, our target will be $61,000 ✅.
💧 Liquidity Target:
A large liquidity zone is present at $61,300, which makes it a potential next target.
📅 FOMC Meeting on Wednesday:
The Federal Reserve is expected to announce a rate cut for the first time since November 2021, with a 0.25% reductionanticipated. This is considered bullish news for the market. However, keep in mind that market makers can still manipulate the market, so caution is advised.
📈 Our Ultimate Target for the Week: $61,000 ✅
Bearish Scenario 📉
Although less likely, if the price breaks below the $59,000 level, we could see a drop towards $56,500 ✅.
Bitcoin's price is currently expected to trade within a range.
🔼 Upper Range: $60,300 🔽 Lower Range: $59,400
Once the price breaks out of this range, a significant move is likely to occur. The most anticipated move is towards $61,000 ✅.
How to Enter a Long Position? 💼
1️⃣ Breakout Strategy: If the price breaks above the $60,300 level, we can open a long position. 2️⃣ Bounce Strategy: If the price tests the $59,500 level and bounces, we can also enter a long position.
🎯 In both cases, our target will be $61,000 ✅.
💧 Liquidity Target:
A large liquidity zone is present at $61,300, which makes it a potential next target.
📅 FOMC Meeting on Wednesday:
The Federal Reserve is expected to announce a rate cut for the first time since November 2021, with a 0.25% reductionanticipated. This is considered bullish news for the market. However, keep in mind that market makers can still manipulate the market, so caution is advised.
📈 Our Ultimate Target for the Week: $61,000 ✅
Bearish Scenario 📉
Although less likely, if the price breaks below the $59,000 level, we could see a drop towards $56,500 ✅.