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#BTC #Bitcoin #Midterm #BTC☀️ Hey guys, this is a weekly update on bitcoin. Last week we talked to you about buying above 64k but there was no entry point. And if you hold a position it makes sense to keep holding until the stop zone is touched. I also warned that there may be gains and tests of supports, especially in altcoins. What we saw was that the price went below 60 thousand, it happens, but the sharp return is like a classic false breakout and is a bullish set up. Bitcoin came back above 62k again on the back of a statement by the head of Fidelity (5 trillion fund) that pension funds are considering bitcoin and other cryptocurrencies as assets. But that's not the main thing that helped the quotes rise. This week the head of the Fed said that he does not see the need to keep the rate high in the current situation, and in addition, yesterday came out macro statistics on the labor market, the data came out worse than expected and the weakening of the labor market was one of the main markers for a rate cut. Therefore, the probability of the first rate cut shifted to July. Risky assets reacted with growth - stock indices rose by 2% bitcoin +6%. Against this backdrop, I think that the price will return to the zone of 67 and 72 ths. Cancel scenario consolidation below 60 ths. DYOR. Stay tuned.
#BTC #Bitcoin #Midterm #BTC☀️
Hey guys, this is a weekly update on bitcoin.
Last week we talked to you about buying above 64k but there was no entry point. And if you hold a position it makes sense to keep holding until the stop zone is touched. I also warned that there may be gains and tests of supports, especially in altcoins. What we saw was that the price went below 60 thousand, it happens, but the sharp return is like a classic false breakout and is a bullish set up.
Bitcoin came back above 62k again on the back of a statement by the head of Fidelity (5 trillion fund) that pension funds are considering bitcoin and other cryptocurrencies as assets. But that's not the main thing that helped the quotes rise. This week the head of the Fed said that he does not see the need to keep the rate high in the current situation, and in addition, yesterday came out macro statistics on the labor market, the data came out worse than expected and the weakening of the labor market was one of the main markers for a rate cut. Therefore, the probability of the first rate cut shifted to July. Risky assets reacted with growth - stock indices rose by 2% bitcoin +6%.
Against this backdrop, I think that the price will return to the zone of 67 and 72 ths. Cancel scenario consolidation below 60 ths. DYOR.
Stay tuned.
#BTC #BTCETF Hey guys, hope you're okay. Since the last update at the end of April, we see that the outflows from the Bitcoin ETF have led to a continuation of the correction, and the bitcoin price has broken through 60K support. Also on the chart we can see that this process is continuing and 1.05 was an all time high of 567 mln $. The good news is that we are now seeing some recovery and it is worth watching how the price will behave when it reaches 60-61K, whether we will see a bounce or the price will return to the range. Stay tuned.
#BTC #BTCETF
Hey guys, hope you're okay.
Since the last update at the end of April, we see that the outflows from the Bitcoin ETF have led to a continuation of the correction, and the bitcoin price has broken through 60K support. Also on the chart we can see that this process is continuing and 1.05 was an all time high of 567 mln $. The good news is that we are now seeing some recovery and it is worth watching how the price will behave when it reaches 60-61K, whether we will see a bounce or the price will return to the range.
Stay tuned.
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PROFIT_PILOT
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#BTC #Bitcoin $BTC #BitcoinETF
Hey guys.
Two days in a row again there is an outflow of funds from bitcoin ETF, to the tune of 350 million dollars.
The reason was most likely yesterday's weak Q1 GDP data, which came out worse than the forecast of 1.6%, the forecast was 2.5%.
Let's see if this will lead to another correction or not.
Stay tuned.
#BTC #FedDecision $BTC #BTC✅ Hey guys. This is a weekly update on bitcoin. Last time we looked at the growth of the instrument with targets of 67-70k. The price reached the first target, and from the 67k zone, about 4%, the sellers showed strength again, bringing the price back to the buying range where we traded last week. This is another reminder of the need to fix part of the position when the first target is reached. Cancellation of this scenario is still the fixation of the price below 60k. What can be done at the moment. If you have no position, you can try to buy above 64 th. And the second option is a false breakdown of 60 thousand, buying at a sharp price return after the test of the stop zone. I don't see a good entry point for selling, except locally, but we are talking about more medium-term trading. If you have a position in Long, the stop zone is not affected and you should still have at least half of the position to hold with the prospect of recovery of growth. In general, the prospects for continued positive dynamics of bitcoin and all crypto are quite good, several arguments in favor of this. But it is worth bearing in mind that there may be doboes and another testing of supports before the reversal, especially in altcoins, many of which have already sagged enough. 1. Cycle after halving - historically, the period starts a new growth cycle 2. Seasonality - May is a fairly strong month seasonally, although the last few years have been marked by corrections in early May. 3. ETFs - recent adoption of bitcoin ETFs in the US market, Pending decision on etherium ETF in May, approval of bitcoin and etherium ETFs in the Hong Kong market. Events this week that may lead to volatility are as follows 1. Decision on the US Federal Reserve rate, which is likely to remain unchanged at 5.5%. But the main focus will be on Fed Chairman Powell's speech. Stay tuned.
#BTC #FedDecision $BTC #BTC
Hey guys.
This is a weekly update on bitcoin.
Last time we looked at the growth of the instrument with targets of 67-70k. The price reached the first target, and from the 67k zone, about 4%, the sellers showed strength again, bringing the price back to the buying range where we traded last week. This is another reminder of the need to fix part of the position when the first target is reached. Cancellation of this scenario is still the fixation of the price below 60k.
What can be done at the moment.
If you have no position, you can try to buy above 64 th.
And the second option is a false breakdown of 60 thousand, buying at a sharp price return after the test of the stop zone.
I don't see a good entry point for selling, except locally, but we are talking about more medium-term trading.
If you have a position in Long, the stop zone is not affected and you should still have at least half of the position to hold with the prospect of recovery of growth.
In general, the prospects for continued positive dynamics of bitcoin and all crypto are quite good, several arguments in favor of this. But it is worth bearing in mind that there may be doboes and another testing of supports before the reversal, especially in altcoins, many of which have already sagged enough.
1. Cycle after halving - historically, the period starts a new growth cycle
2. Seasonality - May is a fairly strong month seasonally, although the last few years have been marked by corrections in early May.
3. ETFs - recent adoption of bitcoin ETFs in the US market, Pending decision on etherium ETF in May, approval of bitcoin and etherium ETFs in the Hong Kong market.
Events this week that may lead to volatility are as follows
1. Decision on the US Federal Reserve rate, which is likely to remain unchanged at 5.5%. But the main focus will be on Fed Chairman Powell's speech.
Stay tuned.
#BTC #Bitcoin $BTC #BitcoinETF Hey guys. Two days in a row again there is an outflow of funds from bitcoin ETF, to the tune of 350 million dollars. The reason was most likely yesterday's weak Q1 GDP data, which came out worse than the forecast of 1.6%, the forecast was 2.5%. Let's see if this will lead to another correction or not. Stay tuned.
#BTC #Bitcoin $BTC #BitcoinETF
Hey guys.
Two days in a row again there is an outflow of funds from bitcoin ETF, to the tune of 350 million dollars.
The reason was most likely yesterday's weak Q1 GDP data, which came out worse than the forecast of 1.6%, the forecast was 2.5%.
Let's see if this will lead to another correction or not.
Stay tuned.
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#MEMES Crypto market reality

#MEMES Crypto market reality

#BTC $BTC #BTC🔥🔥🔥🔥🔥🔥 Hey guys, price has reached the first target of about 4% profit. After testing 67k the price bounced and is heading back to test support in the 63-62k zone. Stay tuned.
#BTC $BTC #BTC🔥🔥🔥🔥🔥🔥
Hey guys, price has reached the first target of about 4% profit. After testing 67k the price bounced and is heading back to test support in the 63-62k zone.
Stay tuned.
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#Bitcoin $BTC
Hey, guys,
local bitcoin update.
I was looking at two scenarios which are short and long.
The short scenario is not confirmed although locally it was possible to catch a short-term movement, but it is an intraday trade and the trigger was geopolitics at the time of Israel's retaliatory strike on Iran. The movement was bought back, which indicates the strength of the buyer.
Scenario on Long is confirmed, the zone of 64 thousand about which I spoke broke through and the price remains in the breakdown zone, this is a good sign of continued growth, so I believe that a good deal with a stop below 60 thousand and without leverage can pick up bitcoin in the range of 64-65 thousand with targets 67 -70-75 thousand.
Stay tuned.
#ETH #ETHETF $ETH Hey guys, the airwaves are looking good. Let me remind you that in May the market is expecting a decision on the spot ether ETF, and we may see a good run before and after this event. The canceling scenario is behind the local low below 2800. DYOR. Stay tuned.
#ETH #ETHETF $ETH
Hey guys, the airwaves are looking good.
Let me remind you that in May the market is expecting a decision on the spot ether ETF, and we may see a good run before and after this event. The canceling scenario is behind the local low below 2800. DYOR.
Stay tuned.
#VET #Vechain $VET Hey, guys, there was no entry point and no breakout of the 0.05 zone. At the moment we can work from the lower boundary of consolidation as the price remains in the range. Cancel scenario below 0.035 Stay tuned.
#VET #Vechain $VET
Hey, guys,
there was no entry point and no breakout of the 0.05 zone. At the moment we can work from the lower boundary of consolidation as the price remains in the range. Cancel scenario below 0.035
Stay tuned.
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$VET #VET #Vechain
Hey, guys,
Will Vechain be able to give another wave of growth, after idling in consolidation, on a breakout and buy above 0.05 and key support is below 0.035, looks good.
Stay tuned.
#ATOM #Cosmos $ATOM Hey, guys, the coin broke the support and went below the stop, so this idea can be considered closed. Technically at the moment the instrument is likely to continue rebounding after the breakdown of 9.5 Stay tuned.
#ATOM #Cosmos $ATOM
Hey, guys,
the coin broke the support and went below the stop, so this idea can be considered closed.
Technically at the moment the instrument is likely to continue rebounding after the breakdown of 9.5
Stay tuned.
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#ATOM #Cosmos $ATOM #Write2Earn‬
Hey, guys,
After the market correction, looking at quality crypto assets and ATOM looks good for continued growth.
Well, let's start with the fact that Cosmos is the fundamental coin around which the whole ecosystem is built, and if the market will grow, but ATOM is doomed to grow.
Technically.
The instrument corrected to 0.618 and now shows local growth again. A large volume also came in.
The key support is below 11$ and more distant 9.5$. Targets are $15, $17.5 and $20.
Stay tuned.
#LTC #Litecoin $LTC Hey, guys, Litecoin followed the market, and tested the support of 70-75$, at the moment it follows the breakdown of the 85$ zone, it is the boundaries of the volume bar for 13.04 where the critical volume took place. If the price goes above $85, it will be a good opportunity to get back to the $100-110 area. The key support is below $70. Stay tuned.
#LTC #Litecoin $LTC
Hey, guys,
Litecoin followed the market, and tested the support of 70-75$, at the moment it follows the breakdown of the 85$ zone, it is the boundaries of the volume bar for 13.04 where the critical volume took place. If the price goes above $85, it will be a good opportunity to get back to the $100-110 area. The key support is below $70.
Stay tuned.
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PROFIT_PILOT
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#LTC #Write2Earn‬ $LTC
Hey, guys,
there is FUD about possible institutional interest in Litecoin ETF, the logic is that due to the similarities between bitcoin and litecoin, SEC may approve LTC ETF even faster than ETH ETF, besides in the court case against Kucoin, LTC and ETH appear as commodities. I've been talking about the breakdown of the 80 level for a long time, and now there is an additional trigger to pump up this instrument. On the weekly chart we see a huge green candle, the lower boundary of which has been tested and is now rebounding, breaking the downtrend for an appetizer.
I am adding a little bit to my Litecoin position. Always DYOR.
Stay tuned.
#compound $COMP Hey, guys, the coin broke through the key support of 75$ and after that the price collapsed to 45$. At the moment it is recovering and if the price manages to consolidate above $60, we can expect continued growth. The key support is below 50$. Stay tuned.
#compound $COMP

Hey, guys,
the coin broke through the key support of 75$ and after that the price collapsed to 45$. At the moment it is recovering and if the price manages to consolidate above $60, we can expect continued growth. The key support is below 50$.
Stay tuned.
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$COMP #COMP #Write2Earn‬ #Profit
Hey, guys,
Compound as expected from the breakdown of 75$ tested the mark of 100$ having printed 35% of the profit, and consolidates under this resistance, at the moment the working strategy of trading from the borders of consolidation (breakdown from the lower border or breakdown of the upper border), at breakdown we can expect Execution of targets of 150 and 200$. The key support is below $75.
Stay tuned.
$1INCH #1InchNetwork Hey, guys, the coin corrected more than expected. But at the moment the 0.44 support is acting as resistance, and a break of this zone is more likely to lead to a further bounce from the bottom. But the price may stay in a sideways trend for some time. The volume support zone is currently formed at the level below 0.35. Stay tuned.
$1INCH #1InchNetwork
Hey, guys,
the coin corrected more than expected. But at the moment the 0.44 support is acting as resistance, and a break of this zone is more likely to lead to a further bounce from the bottom. But the price may stay in a sideways trend for some time. The volume support zone is currently formed at the level below 0.35.
Stay tuned.
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#1INCH #Midterm #Profit $1INCH #Write2Earn‬
The instrument has worked the flag pattern, printing +70% since the last update, from the first entry point at 0.31 the coin is up +130%. The upside potential remains, with DEFI performing better than the market. Buying strategy on corrections can give a good entry point, the closest target if risk on market remains at 1.4-1.5. The key support that should not be beaten is below 0.44.
Stay tuned.
$SNX #Synthetix #SNX #Midterm Hey, guys, SNX tested 2.6 support and after a bounce in the buy zone. It looks good, with stops below the local low of 2.4. Stay tuned.
$SNX #Synthetix #SNX #Midterm
Hey, guys,
SNX tested 2.6 support and after a bounce in the buy zone. It looks good, with stops below the local low of 2.4.
Stay tuned.
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PROFIT_PILOT
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#SNX #Synthetix $SNX
Hey, guys,
today we're gonna take a look at Synthetix, DEFI project, 60th in CM.
On the weekly chart we can see that the instrument has returned and is trading within the boundaries of rectangular consolidation, in case the price fixes above has the potential to work off the breakdown for further growth around 7-8$.
Locally on the daily chart the price is in a downtrend, now the local bounce from 3$, but until we do not consolidate above 3.5 has the potential for further decline, if the breakdown of 3.5 we may see growth in the area of local highs 4.6-4.7 where the main resistance is located. The key support is below 2.5, which can be tested and from where it is preferable to pick up this coin, this zone coincides with 0.786 Fibo. In general, the instrument is quite interesting and it is worth following.
Stay tuned.
#altseason #altcoins Hey, guys, During the last crypto market correction, altcoins suffered the most, and I believe that now is a good time to pick up. Now we can already see that the recovery has started, but still the prices are attractive, many coins -50-40% of March prices. I would choose strong coins to buy, sectors for example that will perform well - memes, defi, AI, BRC 20, L2, RWA. I advise you to buy without exorbitant leverage and expectations to become a multimillionaire with one deal, the maximum leverage I advise you to use is X2. It is worth remembering that all altcoins are highly correlated, so use the total risk for the entire portfolio. Diversification with altcoins does not work. Since the whole point of diversification is to buy assets that do not correlate with each other, and all crypto has almost 100% correlation with rare exceptions. Stay tuned.
#altseason #altcoins
Hey, guys,
During the last crypto market correction, altcoins suffered the most, and I believe that now is a good time to pick up. Now we can already see that the recovery has started, but still the prices are attractive, many coins -50-40% of March prices.
I would choose strong coins to buy, sectors for example that will perform well - memes, defi, AI, BRC 20, L2, RWA. I advise you to buy without exorbitant leverage and expectations to become a multimillionaire with one deal, the maximum leverage I advise you to use is X2.
It is worth remembering that all altcoins are highly correlated, so use the total risk for the entire portfolio. Diversification with altcoins does not work. Since the whole point of diversification is to buy assets that do not correlate with each other, and all crypto has almost 100% correlation with rare exceptions.
Stay tuned.
#Bitcoin $BTC Hey, guys, local bitcoin update. I was looking at two scenarios which are short and long. The short scenario is not confirmed although locally it was possible to catch a short-term movement, but it is an intraday trade and the trigger was geopolitics at the time of Israel's retaliatory strike on Iran. The movement was bought back, which indicates the strength of the buyer. Scenario on Long is confirmed, the zone of 64 thousand about which I spoke broke through and the price remains in the breakdown zone, this is a good sign of continued growth, so I believe that a good deal with a stop below 60 thousand and without leverage can pick up bitcoin in the range of 64-65 thousand with targets 67 -70-75 thousand. Stay tuned.
#Bitcoin $BTC
Hey, guys,
local bitcoin update.
I was looking at two scenarios which are short and long.
The short scenario is not confirmed although locally it was possible to catch a short-term movement, but it is an intraday trade and the trigger was geopolitics at the time of Israel's retaliatory strike on Iran. The movement was bought back, which indicates the strength of the buyer.
Scenario on Long is confirmed, the zone of 64 thousand about which I spoke broke through and the price remains in the breakdown zone, this is a good sign of continued growth, so I believe that a good deal with a stop below 60 thousand and without leverage can pick up bitcoin in the range of 64-65 thousand with targets 67 -70-75 thousand.
Stay tuned.
LIVE
PROFIT_PILOT
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#BTC #bitcoinhalving $BTC
Hey guys,
yesterday bitcoin tested 60K, but I'm not in a hurry to pick it up, as I don't like the reaction of the price, we had to rebound sharply and strongly, but it's going smoothly and not in a hurry.
At the moment I see several scenarios, as the market is giving double signals, halving in a few days, and the market may play a game of buy the rumors, sell the facts, as most retailers are still expecting growth on this event. But the metrics of the big players show a partial unloading. For example, spot ETFs are showing a third day of negative inflow and open interest in futures contracts is also showing a decline.
Long
1. For longs, we should wait for the breakdown of 64k - conservative.
2. We are also at the lower boundary of the sidewall, where a false breakdown of 60 thousand, and a sharp upward price move, this scenario is also possible, in this case we can consider an earlier entry - more aggressive.
Short
Since we are in a local downtrend, I will look for an entry point for the short, again, I do not plan to sell from the current level, but I will wait for a pin bar and a false breakdown of 64K, or a breakdown of 60K, in case of working out the price will test the zone of 57 and 55K. Always DYOR.
Stay tuned.
#Bitcoin #btc $BTC Hey, guys, this is the weekly bitcoin update. Last time I said that the price is likely to stay under 67k for some time forming a sideways movement, with possible tests of 63k and 60k supports, which is what happened, we saw another test of supports. At the moment I think that the buyers managed to hold the price and the instrument has a good chance to return to the middle and upper boundary of the range of 67 and 70 thousand, and more medium term (a few weeks) we may even see an update of ATH. Cancellation of this scenario is still the departure of the price below 60k. Stay tuned.
#Bitcoin #btc $BTC
Hey, guys,
this is the weekly bitcoin update. Last time I said that the price is likely to stay under 67k for some time forming a sideways movement, with possible tests of 63k and 60k supports, which is what happened, we saw another test of supports.
At the moment I think that the buyers managed to hold the price and the instrument has a good chance to return to the middle and upper boundary of the range of 67 and 70 thousand, and more medium term (a few weeks) we may even see an update of ATH. Cancellation of this scenario is still the departure of the price below 60k.
Stay tuned.
LIVE
PROFIT_PILOT
--
#BTC #Midterm $BTC
Hey, guys,
this is a weekly update on bitcoin.
In the last review we said that the price broke the downtrend and is likely to continue to grow, but possible tests of supports at the levels of 67 and 65 thousand, and cancel the whole Long scenario is at going below 60 thousand.
But the upward movement did not accelerate, in fact we had a false breakdown, and that we will go to test the supports wrote in the updates to the weekly post. As you know the negativity in the market was related to the political situation in the middle east.
At the moment technically the instrument tested 60k on the squeeze, the drop was about 15% but even more altcoins suffered the most. From 60 thousand included a buyer, perhaps we will once again see a test of support at the levels of 63 or 60 thousand, the key zone at the moment resistance is at 67-68 thousand from where the fall began, in fact, a symmetrical triangle has been transformed into a rectangular consolidation where the price will spend some time. Always DYOR.
Stay tuned.
#TON #TONBlockchain #toncoin #profit Hey guys. USDT has been added today on the TON network. Let me remind you that we looked at the coin in March after the listing on binance perpetual, and talked about the fact that ideally pick up in the neighborhood of 2.3 -2.4, such a possibility was during the correction and since that time the price has printed 220-230% profit, but even if you bought on the listing at the moment the profit today is 150% and this is in a falling altcoin market. TON is the first coin on my whatchlist for the 24th year that met the forecast and reached $8 (a few percent doesn't count), and at the moment the project is the 8th most capitalized in CMC. At this point, key support is below 5$ which the price should not break for continued growth, and from which we can consider buying. Stay tuned.
#TON #TONBlockchain #toncoin #profit
Hey guys.
USDT has been added today on the TON network.
Let me remind you that we looked at the coin in March after the listing on binance perpetual, and talked about the fact that ideally pick up in the neighborhood of 2.3 -2.4, such a possibility was during the correction and since that time the price has printed 220-230% profit, but even if you bought on the listing at the moment the profit today is 150% and this is in a falling altcoin market.
TON is the first coin on my whatchlist for the 24th year that met the forecast and reached $8 (a few percent doesn't count), and at the moment the project is the 8th most capitalized in CMC.
At this point, key support is below 5$ which the price should not break for continued growth, and from which we can consider buying.
Stay tuned.
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#TON #Telegram #Write2Earn‬
Hey guys,
today binance will add TON (Telegram messenger token) to futures trading.
What you need to know at the moment is that price is at a strong resistance of 2.5-2.7 from which price has already bounced several times. You should also know that the price has risen by 35% over the last few days and the price has moved away from its moving averages, as you can see on one of the slides, such a strong move away from the moving averages has repeatedly ended in a correction, it does not mean that it will be the same this time, but it should be understood. If you want to put some of your funds into this thing, you should remember about risk management and that it is better to take a position in parts, ideally buy in the reload zone around 2.3-2.4.
DYOR.
Stay tuned.
#Sushi #SUSHISWAP $SUSHI Hey, guys. As I indicated in the last update, it was appropriate to move the stop to breakeven and take some of the position off the table. As expected, the sell-off started when the support of 1.5 was lost. At the moment the price has gone below the stop loss, so the idea can be considered closed. Stay tuned.
#Sushi #SUSHISWAP $SUSHI
Hey, guys.
As I indicated in the last update, it was appropriate to move the stop to breakeven and take some of the position off the table. As expected, the sell-off started when the support of 1.5 was lost. At the moment the price has gone below the stop loss, so the idea can be considered closed.
Stay tuned.
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PROFIT_PILOT
--
#SUSHI #DEFI #Profit #Write2Earn‬ $SUSHI
Hey, guys,
the defi market continues to feed. Sushi worked our set up today, up from $1.5$ support, up about 40%. I think this coin has a good potential to continue rising and the target of 2.5$ is a matter of time. Cancel the scenario of the price going below 1.5$. I remind you that when reaching the target it is appropriate to take from the market from 50% of the position, and move the stop to breakeven.
Stay tuned.
#STRK #starknet Hey, guys, since the last update, the instrument failed to break through the 2.5 zone and therefore we can consider the idea closed. Stay tuned.
#STRK #starknet
Hey, guys,
since the last update, the instrument failed to break through the 2.5 zone and therefore we can consider the idea closed.
Stay tuned.
LIVE
PROFIT_PILOT
--
#STRK #Profit #Write2Earn‬ $STRK
Hey, guys,
as we said last time STRK gave a good trade from the lower boundary of the range and printed 40% profit. At the moment we should watch for a breakdown of 2.5$.
Stay tuned.
#BTC #bitcoinhalving $BTC Hey guys, yesterday bitcoin tested 60K, but I'm not in a hurry to pick it up, as I don't like the reaction of the price, we had to rebound sharply and strongly, but it's going smoothly and not in a hurry. At the moment I see several scenarios, as the market is giving double signals, halving in a few days, and the market may play a game of buy the rumors, sell the facts, as most retailers are still expecting growth on this event. But the metrics of the big players show a partial unloading. For example, spot ETFs are showing a third day of negative inflow and open interest in futures contracts is also showing a decline. Long 1. For longs, we should wait for the breakdown of 64k - conservative. 2. We are also at the lower boundary of the sidewall, where a false breakdown of 60 thousand, and a sharp upward price move, this scenario is also possible, in this case we can consider an earlier entry - more aggressive. Short Since we are in a local downtrend, I will look for an entry point for the short, again, I do not plan to sell from the current level, but I will wait for a pin bar and a false breakdown of 64K, or a breakdown of 60K, in case of working out the price will test the zone of 57 and 55K. Always DYOR. Stay tuned.
#BTC #bitcoinhalving $BTC
Hey guys,
yesterday bitcoin tested 60K, but I'm not in a hurry to pick it up, as I don't like the reaction of the price, we had to rebound sharply and strongly, but it's going smoothly and not in a hurry.
At the moment I see several scenarios, as the market is giving double signals, halving in a few days, and the market may play a game of buy the rumors, sell the facts, as most retailers are still expecting growth on this event. But the metrics of the big players show a partial unloading. For example, spot ETFs are showing a third day of negative inflow and open interest in futures contracts is also showing a decline.
Long
1. For longs, we should wait for the breakdown of 64k - conservative.
2. We are also at the lower boundary of the sidewall, where a false breakdown of 60 thousand, and a sharp upward price move, this scenario is also possible, in this case we can consider an earlier entry - more aggressive.
Short
Since we are in a local downtrend, I will look for an entry point for the short, again, I do not plan to sell from the current level, but I will wait for a pin bar and a false breakdown of 64K, or a breakdown of 60K, in case of working out the price will test the zone of 57 and 55K. Always DYOR.
Stay tuned.
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