COMMENT $BTC WEDNESDAY, MAY 8, 2024

Currently, the price of BTC is showing signs of losing support on small frames. The bullish structure on the H1 H4 frames is showing signs of being broken.

However, on the daily frame, the price of BTC is approaching the 61k1xx support zone, where in the past there was relatively strong buying pressure.

During this period, if it is said that BTC will collapse, it is not true, because its fluctuation amplitude is at a quite safe level for keeping the uptrend trendline (oscillation amplitude 59k2xx-67k3xx). Accompanied by the breaking level Going through old bottoms is not a standard for a bearish wave

In my opinion, this is the sw phase of btc but still confidently take entry to buy up

As for altcoins, you can buy when the value of BTC.D reaches 2515

Today's priority plan will continue to buy BTC.

plan as follows:

59k7xx - 61k1xx > > > 64k - 65k5 higher can go up to 67k3xx

stl: 58k

==> What do you think about BTC at the moment? Comment below!!!