In last $BTC update we called you for $69,400 & $70K. Alhamdulillah, $69400 hit 🎯. Here is next move of BTC. Instead of writing short post we preferred to write full detail article so you can understand better. In today article we will discuss about next move of $BTC will it go to $75K or $42K. Let's start analyzing;
BTC Bullish Senerio:
For $BTC to remain bullish BTC need to stay above $66,700. Only one 4H candle closing below can push it to $65K region. As shown in below image if BTC hold $67K area then we can see $70K and $72K zone this week.
BTC Bearish Senerio:
As mentioned above if BTC close $4H below $66,700 we will see $65200 zone soon. From where if any bullish pattern or stronger buying movement showen then we will enter in market and wait for pump. If no bullish pattern form there also then we will buy at $63K region as shown in figure:
1D TF BTC Analysis:
In 1D TF price action is more clear that can decide next direction of BTC. As shown in below image if 1D close below Yellow Box then we can see 62,500 area. If 1D close above yellow box then it will prove healthy correction and #Bitcoin❗ can pump UpTo $73K.
Our Personal Next Action:
Personally as you can see in below image we have sold 100% around $69K.
Now we have to buy. Before buy we will wait untill we get a clear market direction. Either it break resistance or show support at mentioned levels we will enter partially 30% on each support. Here are 3 buying ranges on which we will buy partially if it show support on these levels otherwise leave them and keep falling them:-
66,800
65,200
62,700
If it keep falling and don't show support on any level then we will enter fully at $62,700 area and will wait for mega pump.
In short words we have sold already and will wait for bullish structure in shorter TF as well as larger TF to buy again.
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