BTC is crashing to 60K SOON??
Hello to all my friends, since my last update was stated BTC is going to crash down. BTC is currently trading at 64K level and facing a very small and weak support.
The question now is, will BTC keep crashing down and back to 60K soon? Letâs get back to the chart together now. From a smaller picture, we can see that BTC reached 63K last week. But soon the market push back to 64K level. So are we safe?
I donât see itâs safe from now. When we pull out for a bigger picture in Day Chart and also 1 week chart, BTC is still forming the double top mountain and I think it will be successfully form by this week. We facing a resistance at 64.5K-65K range. Unless BTC be able to stand above 65.5K again, or else it will continue to crash.
In this case, opening a SHORT trade is better than open LONG. BTC having strong bearish momentum this week and also both EMA and MACD is bearish. From my suggestion, I suggest open a SHORT trade around 65K level and make sure your liquidation price above 68K. In addition, set your SL around 65.8K. This could secure your portfolio and also able to make next move if you hit SL.
Are you seeing the same POV with me? If you agree with my analysis, donât forget to hit follow, like and share my post. Thanks for your support and all the best in 2024. Peace and love â€ïž
