Update $BTC on March 11:
- Currently on the H4 frame there is an uptrend, but the RSI is showing a peak divergence structure (this is something you should pay attention to because there is a possibility of a correction from $BTC in the near future).
- In the weekly frame, we already have 1 so W is quite nice with large buy volume and RSI has reached 88.5. Historically (2017 to present), $BTC's weekly frame has only surpassed this threshold once, at December 2020 - January 2021.
- With the move of printing an additional 3B $USDT last week, it is very likely that $BTC will push one more segment before there is a correction, so if you want to short, pay attention.
👉 Currently, the market trend still follows my previous medium and long-term prediction (you can read it again below). I expect $BTC can still hold firm for about 2-3 more weeks so that#Altcoincan continue to run before there is a correction on the W frame, which is also a reasonable time for the market to scan fomo positions at #BitcoinHalving
👉 We have entered a very hot period of the market, please pay attention to your trade orders and especially orders using leverage.
*Note: This is just my personal opinion for everyone to refer to. If you don't think it fits the label, please scroll through.
