Update BTC 27.06
- Daily T-F: BTC closed a green candle with a long candle wick and is touching the resistance area around 62k, the price is below EMA 34.89 and has bounced up when it nearly touched EMA 200
- H4 T-F: BTC rebounded from the 58k area when news of Mt. Gox will start distributing $BTC and $BCH refunds in early July 2024. And we see price support around the 57-58k area but now BTC is hitting resistance around the 34 ema
- This is the 6th beat where BTC retests the 34 ema in the H4 frame with sell volume stronger than buy volume.
- If there is no news, it is likely that BTC will need to test around the 67k area again. At that time, the signal is clear that I will be in line
- Total3: Weekly T-F last week's candle touched EMA 34 and withdrew but it was a bearish red candle. This week there will be a slight rebound wave of alts coin. Expect Total3 to touch the 62x-63xB area and find the 530-550B area. and beyond is the hard support area around 470-500B
➡️ Currently the market will be a bit boring and the daily transaction volume is only around 30-50B and there is no outstanding narrative yet, but the top tier 1 projects have almost all launched, this time will be the time when the market needs to be active. accumulation, accumulation may fluctuate for 1-2 months.
In this section, I will focus on long term, so I will detail each bet in detail.