🐳 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.
Are you stuck with an order or are you hoping for a direction for the market? Leave your comments with Trading Insight so we can discuss with each other.
