When I said BTC could visit 37k, in reality it only reached 38.5k. And last weekend on another run, I said it will visit 41.6k, but in fact it bottomed out at 42.1k.
So I missed the numbers by some fine margins there. Take this information as a DYOR. I could be more wrong in the future.
One thing though. When price goes up, I tend to stay silent, because it's very normal for Crypto assets to go bullish. BTC long term outlook is possibly 100k by the end of 2024, while SOL could reach beyond 250 usd this year.
But most of us don't do such long term investments here at Binance. Except maybe a handful minority. So when I see bearish outlook for the short-to-medium term, I don't know, I feel like.. better I write to you guys, just as precautions.
It is impossible for bull move to stay bullish forever, anyway. Even the strongest bull will need progress to arrive at the moon.
Retracement, Corrections, Pullbacks, are all important elements for healthy and balanced market. I'm sure you understand.
And now I'm gonna tell you my short-medium vision for Solana.
Yesterday SOL jumped high from 94 to 102, so it is normal to expect corrections.
I think it's possible for SOL to revisit somewhere down between 99.6 to 98.4, the main pivotal area of the last two weeks. Before we are (likely) to resume the bulls back to 105-106 area and beyond.
The base of this prediction is backed by the movements you can see on 1H chart.
In total, there was 8 attempts already for SOL to test the 102 area in every 1H candle. Where all were rejected.
This resulted as an apparent pattern of Double Top in SOLUSDT chart, which is commonly a sign of reversal to go bearish.
Though since it's only looked clearer in the frame of 1H chart, it shouldn't be taken as too massive. So I'll exclude a move down as far to 97.5 (could be just a 'false break' when it's happen).
The more likely is just around 98 to 99 area. And a premature bounce back could be (again) on the 100 area (like how we see recently today).
Again, take this information as DYOR. It's only a prediction.
