$BTC - Neutral zone [H4 - 71 900 - 66 800$]
Main trend HTF = bullish ๐
[NEUTRAL LTF]
Key support to hold; 64 500$
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$BTC - The main trend HTF remain bullish & the uptrend is still holding! ๐
๐ฆThe current price is neutral and stuck between the 66 800$ - 71 900$ zone! [blue box on the last chart]โณ
The median zone (69k support) is holding, indicating potential upside towards the 72k area!
๐ง300 Millions were liquidated on the marketโ๏ธ
I told you last night that this move down was probably a trap!
๐ฆIt's likely that we'll soon be entering a bull market phase and that volatility will be high! This type of rapid and brutal retracement is frequently observed in bull markets!
[based on my experience in 2017 and 2021].
โก๏ธRegarding the Higher time frame views [W and daily]:
As long as BTC hold above $60,000 for me, there's nothing to worry about๐
If it breaks $60,000, only then the price should fall to retest the $48,000 - $50,000 supportโ๏ธ
โก๏ธTo resume:
The #bitcoin price looks good on the daily & weekly and should continue to climb over time! ๐ [Short term = neutral]
In my opinion, some #alts will start to recover quickly while some others will remain neutral. ๐ And if BTC price break the ATH again, then liquidity may inflow into large caps first! ( $ETH ; $LINK ...)
The price could consolidate for many weeks before breaking the major resistances/supports mentioned.
What do you think about it??
#DYOR #Binance200M #altcoins
๐ฆThe current price is neutral and stuck between the 66 800$ - 71 900$ zone! [blue box on the last chart]โณ
The median zone (69k support) is holding, indicating potential upside towards the 72k area!
๐ง300 Millions were liquidated on the marketโ๏ธ
I told you last night that this move down was probably a trap!
๐ฆIt's likely that we'll soon be entering a bull market phase and that volatility will be high! This type of rapid and brutal retracement is frequently observed in bull markets!
[based on my experience in 2017 and 2021].
โก๏ธRegarding the Higher time frame views [W and daily]:
As long as BTC hold above $60,000 for me, there's nothing to worry about๐
If it breaks $60,000, only then the price should fall to retest the $48,000 - $50,000 supportโ๏ธ
โก๏ธTo resume:
The #bitcoin price looks good on the daily & weekly and should continue to climb over time! ๐ [Short term = neutral]
In my opinion, some #alts will start to recover quickly while some others will remain neutral. ๐ And if BTC price break the ATH again, then liquidity may inflow into large caps first! ( $ETH ; $LINK ...)
The price could consolidate for many weeks before breaking the major resistances/supports mentioned.
What do you think about it??
#DYOR #Binance200M #altcoins
Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content.ย See T&Cs.
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