Bitcoin is moving in a tight range and now we saw that gradually it is loosing its Supports on DAILY Time frame. MA200, Ma100, Ma50 are lose on DAILY as well as MA25 too.
what is next?
it is part of cycle. SEPTMBER always tend to be bearish, people open shorts and sell their Bags in order to buy the dip in Septmber.
LAST 7 years data revealed that BTC always move bearish in this month and in Octuber the Upside move start.
THIS year too we have 60 40 chances. lets be ready.
SEPTMBER 2023 we were at 26 to 30k range and after that we saw good move in OCTUBER and start of Bull run.
Alts can suffer more.
my advice is to use tight stoploss in this month. fill your BAGS slowly with good fundamental projects and then in Q4 we will see Golden BULL awaking.
best of luck ❤
