Bitcoin has now risen slightly, already above 66500. The forecast is the same - until Monday morning in a range with a lower limit at 65200-64800 and an upper limit at 67300-67500
Next, we look at the dollar index, expect good news on Ethereum, and most likely we are moving towards the upper limit of the range in which we have been for a month. And we fix the profit.
But it is not exactly). We'll look into what other options there may be tomorrow morning.
There is no alternative to growth in the medium term. In the short term there may be different options, but this does not matter much (unless you have a position on futures with a liquidation price 10% below the market).
Bitcoin has been in the 60000-72000 range since the end of February (with short-term and short-term exits above and below).
From mid-May - in the range of 65000-72000
Many alts have fallen by 20-30-50% from the highs of March this year. Many are standing still.
Some market participants (especially those who are new to the market) are so worried about the lack of quick results that they begin to have thoughts of “sell everything, leave the market,” or “enter the stables, wait for the movement.”
So-so ideas.
Because the longer we are in the range, the less time is left before we exit it.
Objective reality suggests that a long-term fall in the crypto market is unlikely (anything can happen in the short term).
This means that the medium-term direction of movement is quite clear.
Bitcoin staying in a range for a long time is not anything unusual. The same thing happened in the summer of 2020 (also after the halving). The same thing happened for half of 2023. The same thing is happening now.
And if there is an understanding of where we are going, plus being in the range for a long time indicates an imminent exit, then it is stupid to take a small profit or even a minus, and then see how everything grows without you.
And then think, is it worth buying Bitcoin at 75K, or wait until it drops at least below 70K?
