Update#BTC26.08

- Weekly T-F: BTC closed the weekly candle creating a pretty marubozu candle pattern after retesting the dynamic support zone of EMA 34 W frame

- According to my experience, after a hemorrhoid dump candle, there will be a candle that recovers to 1/2 of the previous dump candle's body, and last week's candle was quite nice when it also filled out the FVG zone and touched the hard resistance zone around 64-65k, which is also the neckline of the double peak pattern

- Daily T-F: there were 2 spinning top candles, in general, the sellers and buyers were quite hesitant to close long or place short orders. So there is a high possibility that there will be another candle with a strong wick that sweeps through 66-67k before returning to the 59k area

- Let's just go back to 59k and then calculate, I'm not a god, I don't know if this week it will go deeper than the expected 54k

- BTC.D: As I said in the plan last week, it has created a double bottom pattern, now it has rushed up to the 58-59 area, the alts are at a disadvantage, so be careful, although the candles from Friday to Saturday look good, but when opening a small frame, there is no liquidity, so take it slow DCA

- Total3. I think it can't break the 525-550B mark, because there is quite strong support there, just need to close the W candle body above 525 and life will not be over yet

📌 Summary:

- In general, this part is not good for long, but for short, wait for a reversal setup, I'm still waiting for a setup in the H4 frame for those who short alts, and for short BTC, I'm considering it a bit