VIEW BTC 8/12: BTC WEEKLY FORECAST

Hidden support at the price range of 97320

- First, congratulations to everyone who managed to take the trade I provided yesterday; the current price is fluctuating, so you can either take profits or set a positive stop-loss and hold for take profit. Here’s the link to the article, don't make me repeat myself:)) KÈO BTC 7/12 (there’s a call on the trade, guidance on taking profits).

- Today is Sunday, so BTC doesn’t have much volatility. On the H4 timeframe, BTC is currently making lower highs, and it seems like after a period of stagnation, BTC is preparing for its end; it is expected that next week BTC will start to enter a corrective trend.

There are 3 key levels we need to pay attention to: one is the hidden support at 97320; if the H4 BTC candle is red, with a long body and short wick closing below 97320, the price will drop back below the range of 89-90. Similarly, the next solid support area is 78-82 (fibo 0.618, don’t make me guess). Whether it goes down further or not will only be known when the price moves.

Currently, the prices of altcoin/BTC pairs are gradually decreasing; it’s best to wait or take short-term long/short trades for profit, don’t be greedy for long waves.