The BTC rate is below $64,000, the local level has been updated and the target is $62,987. The nearest volumetric and mirror level. Moreover, in this cycle, locally, the volumes there are the second most important after the level of $67,088. Very important support.

What to expect next?

Having crossed the 20,000 subscriber mark on Binance Square, we received our own sentiment indicator. When individual characters become aggressive, they “predict” (precisely predict, not predict) BTC at $40 / 30 / $20,000 - expect a quick reversal.

It is optimal for the comments to contain full-fledged insults. This means that it’s finally “baked” and the reversal will happen almost tomorrow. People can be understood - they have been marinating in a sideways movement for more than four months, and the BTC Price Volatility Index looks unprecedented. The nerves are gone. Which does not protect against bans, of course.

With sentiment, the same story happened at the end of April. For words about a full-fledged reversal formation on May 1-2 (Here they are: https://www.binance.com/ru/square/post/7521148428018, https: //www.binance.com/en-ZA/square/post/7552565629626) were ready to kill. But#BTChas since made +27.55% from low to high. True, this did not lead to an ATH update. But whoever says that +27.55% without leverage on BTC in 20 days is not enough - we will be the first to throw a stone at him.

Now the situation on the chart and in terms of sentiment is similar. Although the signal from the trend reversal indicator does not work so perfectly. The proposal to the “aggressive” to remember the warning about the fourth wave on the chart, the sideways “cut” in which can be long, is ignored. It's all about emotions. Everyone is selling at a loss or shorting and planning to short until the fall.

Let's open a clean daily chart and look at the movement of#BTCin the period from March to June. Some believe that this is an indicator of the strength of bears 🤣.

And they claim that they have been wearing shorts since April. But they don’t tell you how they survived the growth in the market in May 😁. Liquidations - the price for working against the global trend is often a quick reset of everything received in a bearish game.

Downsiders talk about a “Double Top” on#BTCin the spring-summer of 2024. Forgetting how the “Double Top” of spring-autumn 2023 ended in the bull market.

We leave our forecast the same, ATH will be rewritten soon. Even if it’s not a “divine candle”, but a small update in the region of $74,000. And only then, after the liquidity of the bears from above is removed, it will be possible to wait for a period of correction/new sideways movement in#BTCand the time of altcoins led by #ETH.

Global BTC growth has stalled. But it's not finished. We do not pretend to be the ultimate truth; forecasts are probabilities. But this is our opinion. His unpopularity in the crowd adds to his strength 😁