If we observe purely according to BTC chart techniques, we can easily see:
- Volume circled in yellow: Whales, sharks, organizations... have started to accumulate goods from April 2022 to July 2023 (I call this period the bottoming period) and they sit and wait. Waiting for the macro situation to turn, they leisurely, relax and not rush, let the market move on its own, small fish trade with each other to create a balance zone (I call this the bottom sideway zone).
- The second golden box: Marks from October 2023 when the macro has started to turn around, smart money starts to join, the market increases continuously in doubt, the more you observe, the more you wait, the more the market increases, increases without liquidity...
- If you pay attention, you will see the diagonal line I drew above. Why do you often hear people say that BTC can reach $100k in the near future? And I personally agree with this point of view, it is simply an extended Fibonacci index zone that anyone with a little technical knowledge can draw. When you always think about that number in your mind, naturally all your actions will be directed towards the goal of achieving that number.
=> And I want to tell you: It is not by chance that the market moves like this, all these movements are explained by macro, by what has actually happened and is happening all over the world.
When Canada + ECB have officially lowered interest rates but the Fed is still "stubborn" and has not lowered interest rates, it means we still have many opportunities to accumulate more Crypto before the cheap money boom!
>>> My advice on Crypto will be revealed in the next article…$BTC $ETH $BNB
*Note: All my views are personal, everyone is responsible for their own decisions!
#xuhuongthitruong #chukytienre #toandoan #fedhalaisuat #vimo2024
