BTC continue to fall or bounce back this weekend?

Hello to everyone. Here’s my full analysis about BTC for this weekend. So we know what is the plan and also what should we do this weekend.

First, let’s take a look into picture 1, which is Day Chart. We can see that BTC is holding strong at the support which is around 57-58K for a few days. Even BTC is holding strong, but the trend is not changed. It’s still obviously bearish and we know it’s not the end of bear. BTC is yet to recover now.

Second, let’s take a look into picture 2, which is our Monthly Chart. As I mentioned last few post ago, BTC will not close green this month. And it’s clearly that we are entering bearish momentum in monthly chart. This is not a good sign which mean in the near future month we won’t see green for BTC again for monthly candle. Hence, get ready and prepared for downtrend now.

In this case, what should we do for SPOT and FUTURE players? It’s the same price range that everyone have to be careful. First, 61-62K is the first resistance, and here’s the place that we going to take SHORT and sell SPOT. Second, wait until the price comes again to 50K area then BTC might take a break and bounce back.

I hope you guys enjoy my analysis and always DYOR. I’m just playing my role and sharing my POV. Thanks again for your support and all the best in 2024. If you satisfied with my update, don’t forget to hit like, share or comment below. I’ll reply all comments 1 by 1. Lastly, don’t forget to follow me! Peace and love ❤️