Bitcoin (BTC):
Current Price: $76,835.02 (↑0.42%)
BTC/USDT Perpetual Contract:
Current Price: $76,756.3 (↑0.38%)
Market Insight:
With recent bullish momentum, largely influenced by U.S. election news, a dual scenario appears highly probable for Bitcoin's near-term movement.
Analyst Perspective:
As seasoned investors know, financial markets operate on probabilities. We focus on analyzing these probabilities rather than predicting with certainty, as the nature of markets is inherently unpredictable.
In this scenario, the first phase of this dual setup appears to have completed with a "diametric" structure. This was followed by an "X wave," setting the stage for the second phase. Currently, we’re looking at a potential rebuy opportunity in a favorable price range.
Key Levels to Watch:
Our target for the peak of this dual structure is in the range of $82,000 - $88,000.
Risk Management:
Remember, effective risk management is crucial. Use stop-loss orders and manage your capital wisely to protect your investment.
Have questions? Drop a comment, and let’s discuss!
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