Important BTC Update!

As we have observed, $BTC continues to decline, and I don’t believe it will reach $69,000 again this weekend. The main reason is that traders are only focused on the downside of BTC in long trades, and they have not taken any action. I believe that in 1 hour and 30 minutes, they must stop long trading, and those who are in long trades are only aiming for success. You have seen that my last price analysis was about 90% close to my viewpoint.

When $BTC rises, I see many people saying it will reach $70,000-$72,000, but I predict that BTC will not touch $70,000 before dropping to $65,000, currently close to $66,500. So, dear friends, please respect everyone’s opinions.

There are many reasons for the decline; about 70-80% of traders are in long trades, many traders have been liquidated and are close to stop-loss. With elections approaching, the U.S. economy is currently unstable, making this a very tough time for cryptocurrencies. In the past 24 hours, it has dropped over 60%, the fear index is very high, many buyers have stopped trading, and now the selling pressure is very strong. The request for the Fed to cut interest rates is still pending, possibly to be approved after the elections, and many countries are in a state of war. These factors and news have negatively impacted the cryptocurrency market and stock market. If the U.S. stock market crashes, the crypto market will crash as well due to a lack of trust.

Here you can open a short position and make some profit; if $BTC approaches $65,000-$66,000, then stop this long trade, with a stop-loss set at $69,500 (based on market conditions, BTC has never touched this point), so having a stop-loss for each trade is necessary.

Open short positions between $612-$615 for BNB, with a stop-loss set at $620 and a profit target below $590.