💭 BTC

BTC is already $80,000!

Will we fly higher? Let's analyze.

Technically, there are no barriers to flying higher, we will look at other indicators. The first hint of a correction is the CME closing at $77,300. If we close today in the range of $79,000-$80,000$ and above, there is a high probability of starting the new week with a decline! After closing the gap, BTC will attract the imbalance that stretches down to $70,000.

This correction is supported by the overheated fear and greed index, funding, and overbought conditions according to RSI.

We shouldn't expect a deep correction; there are too many expectations to see BTC at $60,000-$63,000, and no one will allow long positions to accumulate from that level and fly into alt season.

We expect a correction and will accumulate altcoins when BTC is around $70,000-$72,000!