🚨🚨 $BTC Crash? or Drama 👈 // Next Move Prediction!! 💥🚨 || 3 August 2024 ||
💰 $BTC Current Resistance Levels
Bitcoin is currently facing strong resistance between $64,800 and $65,100, with a massive $2.1 billion in sell orders already placed. This critical juncture will determine the next move.
Weekly Closing Insights 💎
The weekly closing has taken place above the resistance level, suggesting a 70% chance of a retracement before the end of the weekly candle.
Key areas to watch for the weekly closing:
1. 📉 Bearish Trend: If the market closes below $67,200 or $64,700, expect a bearish trend for the following week.
2. 📈 Bullish Retest: Conversely, if $BTC closes above $68,600 or $65,200, it might retest the $68,700 and $71,600 levels.
🛑 Crucial Support Levels
As long as Bitcoin remains above $62,100, it is considered safe. However, a break below this level could lead to a drop to the $58,000 - $60,700 range. These levels are crucial make sure to mark them on your charts and stay vigilant.
📉 Next Level: 60,100 - 58,900 🚨
If we lose BTC at $62,100, the next critical level is $60,100 - $58,900. This range is vital for the market's direction.
🚨 Lowest Point to Stay Bullish
Bitcoin needs to stay above $63,200 on the next 4-hour closing to remain bullish. Monitor this level closely to anticipate the next move.
💥 Altcoin Market Reversal
In terms of altcoins, we could see a reversal starting Tuesday. This is the best time to enter strong altcoins for both short-term and long-term gains. If you need any support or have a stuck trade, we are here to help. You want trade? Chk or bio more important details.
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