I don’t want to scare you, but READ carefully about BTC…
Hello to all my friends again. If you’d been followed me since last month, you know I’ve been keep saying that BTC is not gonna break 70K again. And also if you read my last update, you may had set a very good SHORT position around 60K and now BTC is trading at 54K area which had down for 10%.
Now, as we can see BTC is once again facing the support at 54-55K now, will it bounce back? My answer is certainly NO. Even if BTC bounce back this time, it will only MAX back to 58K area. So, if you’re looking for a good trade, you may set up a SHORT at 57-58K area and just watch BTC keep dumping.
I’ve been telling my followers more than hundred times, I’m not trader that hoping BTC dump and buy at dip. I wish BTC gets to ATH more than everyone here. But in fact, we have to admit the market trend and also take it. Since BTC had close red for last monthly candle, we are fully entered into bearish momentum now. That’s high possibility that BTC will goes back to 50K area this month and also continue down to 40-42K next month.
So, any LONG trade for this month is not a wise choices. Just keep open SHORT trade when BTC hit a high price range is better than opening any LONG trade. So for those who are in my signal group, don’t be surprised that all trade will be SHORT started form now. We as a daily future trader just trade by following the trend. No matter bearish or bullish we can make profits. So, let’s get ready.
I hope you guys enjoy my analysis and also don’t forget to follow me so that you won’t miss out any updates. Please like, share or comment below to share about your thoughts! I’m looking forward to have further discussion on the market with you guys. Thanks for your support and all the best in 2024. Peace and love ❤️