🚨 OPPORTUNITY ALERT: Bitcoin following our analysis, ready for a possible long! 🚨 Don't miss this chance – see now how to take advantage of this movement!
$BTC remains in a bearish channel on the weekly chart (in red), but we are heading towards the upper border of this channel at the $70,000 level through a bullish channel formed on the H4 chart (in green).
📊Which provides us with the following LONG opportunity:
Suggested down payment: $66,300
Stop: $65,450
Take Profit 1: $68,475
Take Profit 2: $70,000
Risk/Return:
Take Profit 1 ($68,475): 2.56
Take Profit 2 ($70,000): 4.35
⚠️Suggested Leverage:
Up to 75x for a maximum risk of 2% of capital, considering that the stop loss is set at $65,450.
Operation confirmed. Don't waste time, just click on the graphic below 👇
🤔What’s ahead:
1️⃣Least likely scenario:
It surpasses the $70k level, retests the upper border of the weekly bearish channel and moves on to test ATH resistance.
2️⃣Most likely scenario:
It touches $70k, gets rejected, goes back to support at $68k (previous daily top) and tries to surpass the $70k level for the second time, getting rejected and making a double top that marks the beginning of a bearish move in the short term. term that could stop at the $63k level (half of the weekly bearish channel) or drop to the $58k level (lower edge of the weekly bearish channel).
Regardless of any scenario, I believe that we are in reaccumulation and, in the end, one way or another, we will break the ATH and start the search for a new historical top.
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