$BTC History repeats itself!!!
I received a lot of hateful feedback yesterday. I do not write comments for followers or money, and I ask my followers to unfollow me in many of my posts. Still, take a look at my comments, they are more than 90% accurate. But besides these, I am the first person to write the reasons why USTC should be burned instead of LUNC nobody ever said that before! now my idea is under discussion
đ Bitcoin Analysis: Repeating History? đ
The current BTC trend mirrors the late July scenario, where we saw a small upward movement followed by a sharp decline. This time, we're seeing signs of a cash shortage globally, limiting the momentum for a sustained rise. Key **resistance levels** are at $30K, while the first **support** is around $27K. If it breaches this, we could see a rapid drop to the next major support near $25K.
đ For traders, entry at or slightly above support may offer short-term gains, but caution is needed due to market volatility. Major **resistance** at $32K could trigger a reversal if volume remains low.
While some believe new ETFs might boost liquidity, their underperformance aligns with the broader lack of funds. My long-term BTC target remains 90K-110K, contingent on Fed interest rates dropping below 2%. Until then, staying cautious with well-timed entries could offer the best opportunities.
*What are your thoughts? Let's discuss!*
#BinanceLaunchpoolHMSTR #EIGENonBinance #BTCPredictedNewATH #CATIonBinance #write2earn!
