🌟 🌟🌟Bitcoin - Personal Perspective: Winds and Opportunities 🚀
Hello friends,
Bitcoin has been on a roller coaster ride lately, which I think we've all felt. CPI news just came out, BTC jumped to $59,650. Everyone was excited, but then it dropped quickly. This market never ceases to surprise!
📊 Analysis of D1 and H4: Important Points
D1: An inverted hammer candlestick appears, signaling a possible reversal. Looking at this candlestick reminds me of times when prices increased sharply after deep declines.
H4: The support area around $56,400 was retested and responded quite well. If this zone breaks, BTC will likely fall deeper.
💡 Support and Resistance: A Valuable Lesson
The resistance level at $59,300 is a major challenge. Price tried to overtake many times but failed. I am always carefully watching the support zone below $56,400, because once broken, we can prepare ourselves for a sharp decline.
🐋 Whales and ETFs: What Are They Doing?
Looking at the ETFs and "whales" constantly buying BTC and ETH, I see a glimmer of hope. They have better information and strategies than we do. Following them helps me take a long-term view and feel more secure.
🤔 My Thoughts
Can BTC break resistance and start a new rally?
How will the short-selling and buying pressure of ETFs affect the short-term?
Investing in crypto is not for the weak of heart. Be patient, stay alert and stay informed. Wishing you steadfastness on your investment path!
Thank you for listening to my comments. Let's overcome all challenges together and achieve success!
🌟🚀💰
