BTC Analysis:

This is weekly chart

BTC is making a 100ma breaking above 200ma which in larger time frame is a bullish sign. last bullrun didnt need it as 100ma was even above at bottom but this time its breaking up.

Weekly chart is also showing lower highs and the bottom support stays the same.

55720$ is a weekly major bullish price point, being above this and closing weekly above and still staying above irrespective of bearish news and narrative.

BTC has also touched and confirmed the 50ma as you can see in a quick whick to scoop liquidity and liquidate longs which happened 5 weeks ago.

I want us to keep Longs open from 53250 - 53500$ price with no SL and lev of 5X only.

THIS IS NOT A SHORT SIGNAL AND ONLY A QUICK LONG SCOOP IN CASE BTC RECONFIRMS THE 50MA.

Doesnt mean we short from here, please!

68K is the next BULL target where we will face a diagonal resistance which we have faced since the new ATH of BTC and market.

And to answer for ALTs, yes as BTC pumps, ALTs will rally anywhere between 25% - 75% approx and maybe minimum.

This is a long term BTC scenario update, trend is your friend, when in doubt zoom out!

We are doing probability measurement to understand the price action stability on larger time frame.#BTC☀ #btcupdates2024 #BNBChainMemecoins #TelegramCEO $BTC