🟡Update #BTC 11.04
🟢Daily T-F: create a spinning top candle with the candlestick filling the CME gap around 68k and pull BTC to touch the 71k4 area. Price still closed above EMA 34
🟢H4 T-F: CPI showed a result of 3.5%, higher than forecast (3.4%) and last month (3.2%), this was bad news that caused mk to dump nearly 3k and price to around 67k. But at the same time, it also creates a Bottom Divergence. Although there is a force to support BTX in this area, considering the previous discharge force, it is still not really safe.
➡️I still follow the BTC view at the beginning of the week, my plan is that BTC will return to around 67-68k on Monday and Tuesday to create weekly low but there is a delay of 1 day in terms of timing but the direction is still correct, this part I need 1 or more H4 candles. Break up the 71-71k4 area and the most beautiful is the W candlestick closing on the 71k5 area. We should see BTC in the upper 75k region next week
🟢BTC.D: there is a sideway box break signal. If we can break this box, BTC.D will reach the 57k area
🟢Total3: Daily T-F created a pretty green withdrawal candle => alts in this section will have a slight rebound.
➡️Summary: I still follow the BTC view until now and it is still correct and I will keep the BTC view and test it back to the 72-73k area.
📌Alts: Please pay attention to coins in the BTC system and #ETH like #ENA , #ETHFI