Recently, ADA has shown a bullish shift in the 8-hour chart, although it faced rejection around the initial resistance level near 0.68. However, this doesn't necessarily indicate a downturn. It presents a great opportunity to consider opening long positions in the 0.645-0.65 range for the long term. This strategic move could potentially drive ADA back up towards the 0.72 mark.
Now, onto BTC. We've seen BTC breach the 68K level, signaling a bullish momentum. However, like ADA, it encountered resistance at 71K, forming a new barrier. In response, setting up long positions at lower price points, such as 68-69K, and waiting for the next upward surge seems wise. This approach could see BTC rise back to 73K. However, it's essential to be aware that sustained rejection at the 71K threshold might lead to a dip back to the 68K level.
To all my dear friends, I'll be back tomorrow or the day after with a more comprehensive analysis. VIP group members can find me there for further discussions. Thank you for your continued support, and here's to a prosperous 2024 filled with peace and love. â€ïž
