$BTC has not yet broken through the previous high (yellow zone). Significant market movement might occur at 8:30 PM Beijing time (early trading session on Wall Street). If it fails to break through the yellow zone, we need to watch the blue zone below. If the price reaches the vicinity of the blue zone, we might consider going long at that position.
$BTC might be forming a large-scale AMD pattern and is currently in a short-term pullback phase.
Forecast: 1. Bitcoin's price may first break below the previous low and fill the previous gap (refer to the white circle area in the horizontal chart). 2. After that, the p
Today's $BTC movement was quite dramatic. I have decisively exited all my previous long positions. Unfortunately, those who followed my trades a bit late experienced some losses, but all positions have now been closed. Regardless of how the market changes, we will continue to trade with determination. Currently, $BTC has b
BlackRock, the world's largest asset management company, currently manages approximately $10 trillion in assets. In addition, BlackRock is also the largest Bitcoin ETF management company globally, holding 300,000 BTC. Reportedly, BlackRock has applied to the U.S. Securities and Exchange Commission (SEC) for a ($SOL )
Currently, large institutions hold Bitcoin ($BTC ) at an average price of around $66,000 to $68,000. Even if there is significant retail selling pressure causing $BTC to drop below $68,000, the market and large institutions are confident that the price will quickly rebound to above $68,000, or even higher.
Following a false breakout and a rapid decline in $BTC , which seems to be aiming to fill the lower price gap, we recommend maintaining the following trading strategy:
- Entry Range: 69600-70000 - Stop Loss: 69000
Please proceed with caution based on market movements and ensure proper risk management.
These two patterns have clearly indicated the future direction of $BTC . We kindly ask all copy traders and traders to be patient. $BTC has been consolidating for two months. Typically, the market experiences a sudden surge when sentiment shifts from the anticipation of breaking new highs to losing hope. Please remain patient.
The upcoming U.S. interest rate meeting next Thursday could significantly impact the cryptocurrency market. A single statement from the Federal Reserve could trigger substantial market volatility. The main concern is whether the Fed will adopt a dovish tone, which might lead to a market downturn. Therefore, it's advisable to avoid frequent trading before the announcement and patien
$BTC Technical Analysis: If $BTC retraces to the 69600-70000 range, you can go LONG. Set a stop loss at 69000. Short-term traders can take profit around 72000-73500.
If there is no retracement and $BTC strongly breaks through 72000, wait for a retracement before going LONG.
$BTC has a price gap that needs to be filled. The price is around 69600 to 70000. That’s why I posted yesterday, once BTC retrace to around this price area. You can LONG at $BTC !