The main news of the day: Donald Trump has become president of the USA again. As I mentioned earlier, it didn't make a principled difference to me who would become president, as both candidates expressed commitment to digital assets in a populist manner, and this will not change the global picture. But since many of you were waiting for this event, I inform those who are not yet aware.
As for Bitcoin, it, as expected, updated its maximum around November 7. I highlighted this day as key, considering the Fed's rates and upcoming inflation data. Details:
> "...3) If the bulls are strong but give in, a pullback to the area of 66400-66100 is possible with subsequent growth to around 71900+/- and above. In general, reaching exactly these levels is very difficult. I am happy to be wrong..."
> "...My bet was that we wouldn't go below 66400-66100 (breaks and spikes are possible), but this is the market, and everything can be different. (see screenshot)"
I proudly report that this local forecast turned out to be accurate, and the minimum income point was 66808 ✅. This happened after the forecast that the price would first reach the level of 68450+/-✅, then bounce back to the area of 66400-66100+/-✅, and finally into the magnet block 71900+/-, which we also closed! ✅ (see screenshot). Congratulations to everyone on the successful implementation of the forecast!
Now let's move on to medium-term and long-term forecasts. I remind you of the strategy for the month that I have already demonstrated. According to it, we should have seen movement in the range of 67600-66200-65700+/- with allowances, after which a rise to 76200+/- is possible (now I would specify the target at the level of 76000+/-). However, the main target level lies around 78500+/-, and if we reach this level or even exceed it, it could create a trap for both bears and bulls, as everyone will be expecting a correction or pullback. However, the price should not fall below 73700+/- — this is my so-called "clown forecast" about the buffer zone, below which the market will likely not let us go. Let's see how this works out.
The thing is, if we exit the re-accumulation zone, the path upwards will be open until we reach the distribution zone. This process will not be quick and not close, but this is a global perspective. There is something to pay attention to and to expect.
Now about short-term forecasts. There is a huge chance that the current correction will not lead to a fall below 65000+/- or 63500+/- (or even lower). I will most likely bet on this. Of course, the level 71000-70500+/- may manifest according to the impulse movement strategy, but this is the case where I remind you that in the case of a bull cycle, we may only return to these zones in 2026. These zones have already accumulated. Can we see such levels in the coming days? Of course, it’s possible! No one can rule out any options, including 50000 or any other numbers. But based on the practice of technical analysis and the current economic situation, any elections in this context do not play a significant role.
I may be wrong, but I prefer to follow the facts and arguments that I present to myself rather than rely on intuition or common narratives. I take any mistake into account in risk calculations. Right now, I might be a bit bolder, but that's how I read the market. Time will tell.
I wish everyone success and profit!
#bitcoin #crypro #биткоин #криптовалюта
Important zones:
✅ Support: 72400, 72000, 71010, 70500, 69900, 69300, 68750, 68350, 67650, 67150, 66350
❌ Resistance: 73750, 74700, 75000, 76000, 76200, 78300, 78500, 79300, 82250, 82950, 90900
