Are we seeing BTC back to 50K soon?
Hello to all my friend. I’ve been not updating about BTC for few days due to my heavy work load. As my last update, I said BTC might climb back to 68K level but once again we got rejected at 66K.
So what’s next for BTC? BTC was currently trading at 63K level and meeting a small support around 62K. From 12H chart, we can see the price level and MACD level was not being matched. There’s might be a huge bearish momentum coming soon in 12H chart.
Currently BTC price was being support by 144EMA trend line which is around 62.5K. So what’s we going to do? From my POV, if BTC break below 62.5K, then we expect a sudden falls back to 60K level. Then the price might hold again around 60-62K. Once the price break down again, we might see a waterfall drop.
I’ve told all my family members to opened SHORT for BTC and SOL yesterday and we will HOLD this trade unless BTC change its momentum. If you didn’t open any position for BTC, you might find chance to open SHORT at any high price range.
If you agree with my analysis, don’t forget to hit follow button so that you won’t miss my update next time. Thanks for your support and all the best in 2024. Peace and love ❤️
@CryptoK_11 1117 (Tlg)
