MONTH: In May, a lot of capital comes back to the market. Expected May BTC's price peak exceeded the April price peak (72.9K$). Or in other words, the BTC operating margin in May is about 54/56 - 75/80K$.
WEEK: Next week (May 13 - May 19, 2024), the cash flow is strongly withdrawn from the market because there are many reversals (BTC, Total, Usdc.d, Usdt.d,...) withdrawing capital from the market. The market continues in reverse from this week... BTC forecast 62 - 64K -> 54/56K$
This is just a reference opinion, believe it or not, it's up to you, short btc 61500-62500 tp 59k4-56k2 sl 63k65
This week you have to buy on the spot otherwise everyone will miss out on all the good prices this time... Of course $BTC 80 - 90k, in my opinion, is almost the end of this bullish cycle. It's very difficult to get to 120 - 150K$. Why? Because when $BTC reached an ATH of about 3 - 5K, the starting price they all wanted to close the wheel... it didn't push like Altcoin: Shitcoin, Lowcap.
Today is clearance day. However, the price range of 62.8K is not a good price range. If we consider the reversal (in order for the second price to pump strongly, BTC needs to have a long liquidation at least in the 62 - 62.5K price range). Currently, it shows that MM is driving Long in the price range of 63.5 - 64.0K so that it can kill tonight. And tonight the lemongrass meat is at least 62 - 62.5... considering you have to collect it. Because tomorrow it injects quite a lot of money and it almost shows the strength of next week's cash flow. A lot of money is pushed into the market, forcing prices up... -> Therefore, Short Sl 64.8K is basically the right trend...
$BTC can drop to the 56-59k area to sweep long phat again today or tomorrow... Even though it is falling today, there is no buying force in the 63 - 64K price range.. it's just a push to lure the swing... Next week liquidity increases
Today, the decline is reversed, BTC trend is up 63.8 - 64.1K. This area is being strongly sold. So no more shorts here. Whoever buys the net will buy it.
Today is the day the trend pushes the price to the 60 - 62K area and gradually releases. If $BTC fails to break 60K (closes the H4 candle above 60K), then today and tomorrow it will continue to drop into the price range. 53.5 - 55.5K... This is the last release before next week's price increase)
Today is the day to inject a lot of capital back into the market. So $BTC no longer has the ability to decrease further... short-term target 59-60k
Next week the price increases. But Altcoin increased stronger than BTC... So this week everyone collected Altcoin Hot WLD, Meme, Alt, Jto,... then next week you guys will get high, just my personal opinion and don't get hate.
This week you have to buy on the spot otherwise everyone will miss out on all the good prices this time... Of course $BTC 80 - 90k, in my opinion, is almost the end of this bullish cycle. It's very difficult to get to 120 - 150K$. Why? Because when $BTC reached an ATH of about 3 - 5K, the starting price they all wanted to close the wheel... it didn't push like Altcoin: Shitcoin, Lowcap.