🐳 Update BTC Plan August 1, 2024. Currently $BTC is maintaining at a price of 64,488 with the lowest recorded intraday being 63,500
- The area for forming wave structure is not adequate. Liquidity was also continuously retested at 63,500
- For my current view, it is highly likely that BTC will be at 60,200-62,100 like our previous Limit. But now, please cancel the 62,100 zone, guys.
- Set up a Long order at 60,000-60,400 in the range. The general economic situation is still facing many difficulties.
- It is expected that liquidity sweeps around 60k are possible, so be careful and consider checking the bottom without setting a stop loss. Will sideway decrease in the next 3-7 days. Before August 15 to prepare for a large block of news to be released to the general financial market and there will be a more specific direction.
- The good news is that Altcoins in the large frame, D1 and W, are keeping their prices quite well in the range. For example, BTC has fluctuated in the past 2 weeks, but most of them have not had a too high decline compared to the previous crash of BTC to 53k. So BTC returns to 60,000, let's set up to catch Altcoin dips again, everyone.
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