🔥 🔥 🔥 ANALYSIS AND FORECASTING BITCOIN (BTC) TRENDS JUNE 14, 2024 !!!

⏩ Date Frame Analysis (Frame D1):

- Yesterday's D1 candle, although it was a bearish candle, it did not break the body of the mother candle in the Inside Bar candlestick pattern. This shows that the selling force is not strong and the trading volume is low, with nothing noteworthy.

- Bitcoin (BTC) price trend remains sideways, accumulating in the price range from 66k to 72k after growing from the 56k price range. Overall, BTC's chart structure remains bullish. Therefore, on the D1 frame, you can wait for a false breakout below the price frame to buy, expecting the uptrend to continue.

⏩ 4h Frame Analysis (H4 Frame):

- Situation after the news of CPI decrease: Although the news of CPI decrease (good news), the attempt to push the price beyond the latest swing high (70k area) on the H4 frame failed and the price was pushed back. This shows that the selling blocking force from above is still strong.

- Regarding the short term On the H4 frame, the tops and bottoms are getting lower. The current buying force to support the price is quite weak, so I think there is a high possibility that BTC will have a shakeout below 66k before rebounding.

⚡️ Summary:

- You can wait for a false breakout to buy, expecting the uptrend to continue.

- It is forecasted that there will be a shakeout below 66k before BTC bounces back due to weak buying pressure and a gradually lower top and bottom structure.

⏩ Trends leading the current market:

- Meme, AI, Depin

CrabCoin Synthetic!

#AI #DePIN #BTC☀️