Hello everyone! Thank you to all my new followers for your support.
A couple of days ago, just for fun, I drew a chart predicting the future movement of Bitcoin and sent it to a friend:
As you can see, I predicted a significant drop in the BTC/USDT pair. Today (4th Aug), I decided to check how the current market situation aligns with my prediction.
Take a look at my forecast. The price chart follows my predicted line almost perfectly. I hope you took the opportunity to enter SHORT positions two days ago.
Given the latest market updates, Iâd like to make an additional prediction with conditions for the $BTC pair in the coming days. Please bookmark this article and return with your comments as the real price chart unfolds according to my scenarios.
So, I see two key levels here: support and resistance. The resistance level (green line on the chart) is at 65,400, while the support level is at 55,700.
In the next few days, Bitcoin will likely continue to decline and might reach the 58,000 mark. After hitting this point, I anticipate a sharp upward movement.
On the upside, Bitcoinâs price will encounter resistance at the 65,000 level. If this resistance is broken, further analysis will be needed because I believe the 70,000 level wonât be the limit.
However, if the price breaks below the 58,000 mark and even reaches 55,700 with another breakout, I would like to welcome you to the crypto winter. Bitcoin will go even lower.
At the moment, I recommend taking SHORT positions.
Hashtags:
#BTCUSDT #CryptoTrading #MarketAnalysis #ShortSell #CryptoPrediction
