$BTC Analysis Updates Episode 21st Sep
Many people are shouting that the BTC wave is coming again! I also looked at the chart.
At present, in the weekly chart(pic 1), I only see that BTC is still in shackles, and its price will wander between 68K and 52K. It is unknown whether it is an upward wave or a downward wave.
Therefore, analysts will come up with different predictions due to different analysis methods and different information. I have 6 versions and 6 possibilities for my own prediction. Therefore, as long as BTC is still in the range, it is too early to say anything.
So for short-term trading in the range, let's turn to the 15-minute chart (pic2).
At this moment, BTC's price movement is positive. It jumps out of the inclined trend line, but in the middle of the backtest, so there is a 50% chance that it will first drop to around $62,766, and then hover up again, with the target possibly around $63,542, or around $63,705.
There is also a 50% chance that BTC will choose this route - without completing the downward retracement, it will turn around and rise directly, and the target is still around $63,542 or $63,705.
I hope my analysis can help you.
Good luck and happy trading đ
