BTC will still CRASH.
Good day for my members and followers! From my last post, I update about BTC will crash down to 60K level. And yes we are correct again. So what’s next for us?
Let’s get back to the chart. From the Day Chart we can see BTC is fully entered to bearish momentum. Second, we can see the beautiful double top mountain which also can called as these BIG M pattern. Currently BTC is trading at 60.5-61K area and the selling power is still greater than buying power.
In these case, I’m strongly not suggesting on opening LONG position for this level. But, if you having much confidence on opening a short term LONG is also a good option. We might see a small bounce back from BTC to maybe 62K level. Opening a SHORT position is still better than having LONG.
Once BTC break below 60K and close daily candle below, then we might seeing BTC back to 52K area. In the other hand, if BTC holds 60K level this week, then only we can consider for a greater bounce back.
If you’re agree with me, don’t forget to hit follow, like and share my post. Thanks for your support and all the best in 2024. Peace and love ❤️
