$BTC 48,300: Pay Attention to Details
If you don't understand how the market works, please stay away. Reading only the title can harm your portfolio; always read the whole post.
Our previous target for $BTC has been accurately achieved. I advised members at 69,500 to exit the market, emphasizing that saving money is just as important as making money. Apologies for the late post, my friends. When the market was at 63,400, I shared that we were entering a short-term bullish momentum to 70,500, give or take. I repeatedly mentioned that a huge correction from the 70K zone was imminent.
I don’t just share my opinion; I work tirelessly, researching fundamentals and honing my technical analysis. Those who dismiss technical analysis need to educate themselves by reading all my posts to enhance their market understanding.
I won’t discuss fundamentals here as you’re all aware of the US elections, crypto adoption, tensions in the Middle East, and the looming fear of recession. Moving forward, if we can resist above the local resistance level of 62,800 for at least 45 minutes, we could recover to the major resistance level of 65,100, with the first TP at 64,300.
If $BTC holds at 65,100, we could see a break above 67,300, a key level for moving towards all-time highs. Remember, in the long term, we are in a bearish cycle that will only end if we stay above 67,300 for at least three days. Touching 60,500 again could signal a bottom or the onset of a recession, which would end at 48,300.
Expect many pullbacks, recoveries, crashes, pumps, and dumps. I share updates every 12 hours with my members. Be sure to join to receive regular updates. As always, trade safe.
