LIVEAs I mentioned before for BTC, we have not yet made a 4-hour or daily close above 66600, but we are in the resistance block. Currently, the whales who have overbought orders and short-term buying and selling have not finished their collection sessions yet, which has caused the price movement to evolve downwards. 65900 is small. The closest support for the time frame is that the price movement below this will continue until 64300. This does not mean that there will be a complete decline. If we can win the price of 66600, it will reach 67300.
With a close above 67300, it can carry the price up to 68500. With a price movement above 68750, I expect a rise to the resistance and take-profit block between 69500 and 71500. Since 68750 is also our old Ath resistance, it is definitely a must-win price.
Total
As I have shared before, we have overcome the resistance of 2.250 T and 2300T as the Total market. We are about to overcome the resistance of 2350T and 2400T. If this movement comes, there will be a price increase of 7.5% in the market as a Total, which means a price increase of at least 5% in altcoins. will be
BTC support 65900 resistance 66600 target 67300 68500 69500
Total Support 2350T resistance 2400T target 2550T 2600T 2700T
Generally direction is up
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LIVE#Altseason When does it start, let's analyze it all
What is our current general situation?
1 According to the Bitcoin Chart, the price is in the cheap area, that is, 60k Gold. Institutional buyer companies, which are abstaining due to the pressure of the Whales and the Halving, have high volumes of purchase orders. The reason for the price to fall down is that if the popularity of short-term investors who buy and sell ends, it will reach a better cycle. Currently, the support is 62300 USD.
We couldn't keep the price above the daily support of 64300 USD. Extreme fear caused sales. But I still think there will be a big breakout. As I mentioned in the chart, the price changed hands between 62300 - 64300 USD. Markets and stock exchanges are now buying. We will continue in this horizontal channel for a while, but our target is 66600. USD
As we can see in the #Total market Chart, we see that there is resistance and the price cannot get out of the 2nd zone of cheapness, Midterm. We need to reach a total volume over 2,300 T.
Moreover, the succession of new projects shows that there is still time for a big rally ahead of us, indicating that the weekly Total#Altseason can start above 2,700T.
For the critical price BTC to continue its rise, we need to stay above 62300 USD. Generally speaking, the direction is up.
We also follow USDT Dominance and BTC Dominance, I will share an analysis on them soon.
