I developed two AI models to predict $BTC price. I don’t lik | Risk_Manager sur Binance Square

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I developed two AI models to predict $BTC price. I don’t like the accuracy at the moment, but I know how to get it better. 
Not relying on it or anything, but seems to be fun. 
My model thinks the closure price today will be 58400 

Avertissement : comprend des opinions de tiers. Il ne s’agit pas d’un conseil financier. Peut inclure du contenu sponsorisé. Consultez les CG.

BTC

63 016,01

+4.40%

343

0

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$BTC If you see for any bearish post on here a lot of bullish comments (as well as pump with no volume, and price testing the resistance before the major news)- it is probably not a good sign. Nobody can predict the market, but from here I expect a spike above the resistance (bull trap basically) before we are back to mid-50-s.

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#BTC The disadvantage of the rapid increase- is leaving big portion of potential buyers sidelined. If price increases slowly and shows strength- participants are willing to join at higher price mark. 66-68K area feels like a slow turbulence zone, where sellers don’t really sell waiting for ATH, but buyers don’t really buy due to the FUD. As the result, or we need really strong driver (such as some crazy news) to push the price through 68K resistance (50/50 possibility is BTC conference is soon with Trump and Harris speaking). Or we need to go back to 63 or something like this to create new strong trend continuation. I’d ignore ETF flows and $ETH as I refer to a short term price action, while these factors don’t immediately move market. Let’s see how it plays out for $BTC

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$WIF update Narrative is pretty strong. Nice respond to $BTC move. 64K is approximately #BTC mid-range, $2+ is #wif midrange as well (ignoring the $41 candle). Parabolic movement is very unhealthy for the market- the speed of going up at some degree determines the speed of correction, and too much of upward move is just a great way to roundtrip (not enough time to determine the shift). It would be healthy if wif goes back to around $2, and a little bit below, however, the sentiment might change if it dips below $1.9 support. It is important to remember that meme coin is designed to shill on buyers at any random moment, but what is buzzing has good chance to behave in a cyclical manner.

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I totally understand why news are bullish on $BTC Are we heading to the moon? Well, it’s been 7 hours in a row that price closes below previous long-time support (60200) that turned into a strong resistance now. There is pretty significant CME gap is well, which tends to close quite quickly, and it is around 57+K. Despite that I was waiting for this level to sell, I don’t do it, as technical and fundamental overviews clash here. If the bearish outlook continues - it might be there for another couple of months, with targets as low as 42K (plus minus). If price crosses 60K- first trouble area is at 63K. With target of 80-90 that’s still good R:R #BTC

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$BTC update (cannot count anymore which one by number is that) 52K- important level on a weekly timeframe. I assume bounce from that one. 60K- is the most crucial one to watch. It was support. Support has a tendency to reverse into a resistance. Can be a risky but otherwise solid sell point if price does not cross it quickly. If price confidently crosses it - good buying point (tricky shit) 47-39K are some important levels to place buy stinky bids on (done) Levels 54-58 are a turbulence zone where I managed to profit just by my tendency to do trade overmanagement- I’d recommend to the sane people to stay away. Stay hydrated - that’s the most important thing to do during the summer

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