CURRENTLY BTC IS MOVING AT 67K AND HAS BEEN REJECTED FROM 68K TREND LINE REJECTION ZONE.
ON LARGER TIMEFRAME IT SEEMS THAT BTC WOULD ONCE AGAIN MOVE DOWN TILL ITS TREND LINE SUPPORT. HOWEVER RETEST AT CURRENT POSITION IS ALSO EXPECTED TO BREAK THE RESISTANCE AND CAN MOVE TILL 70K.
DAILY CANDLE CLOSING IS ALSO A BEARISH SIGN IF IT CLOSES BELOW 67500.
PREVIOUS THRICE REJECTIONS AT THIS ZONE ALSO INDICATE A SIGNIFICANT STRENGTH OF THIS RESISTANCE ZONE.
IF BTC MOVES DOWN GRADUALLY, THEN IT CAN TOUCH 46K ZONE IN A MONTH.
FUNDAMENTALLY THERE ARE NEWS ABOUT A PLAN ,OF ATTACK ON IRAN BY ISRAEL. IF IT OCCURS THEN MARKET CAN ALS9 MOVE DOWN QUICKLY.
LASTLY, I WILL PLAN TO OPEN MORE SHORT POSITIONS INSTEAD OF LONG POSITIONS WITH SAFE LEVERAGE AND MARGIN.
ALWAYS GO WITH SAFE LEVERAGE AND SAFE MARGIN, REGARDLESS OF ANY DIRECTION OF THE MARKET,LET IT GO AS IT MOVES.
ALWAYS DO YOUR OWN RESEARCH (DYOR) BEFORE OPENING ANY FUTURE POSITION.
*1* - OUR PREVIOUSLY ALL ANALYSIS ABOUT BTC WERE ACCURATE.
*2* -NOW BTC IS IN CRITICAL POINT, WHERE NEW DIRECTION COULD BE SEEN OR CONTINUATION OF BULLRUN.
*3* -ACCORDING TO MY ANALYSIS AS I SAID YESTERDAY THAT, BTC WILL RETEST ITS TREND LINE RESISTANCE AND WILL MOVE FORWARD TO SET A NEW ATH BETWEEN 74K-75K.
*4* -SECOND POSSIBLE SITUATION IS THAT BTC COULD BREAK SUPPORT AND MOVE TILL 67600. WHICH IS DIFFICULT BECAUSE ETF AND OTHER GOOD NEWS FROM USA IS ATTRACTING PASSIVE INVESTORS TO ENTER IN MARKET DIRECTLY.
*5* -SO TO CONCLUDE IT COULD BE SAID THAT, BREAKOUT OF SUPPORT WILL PUSH BTC DOWN TILL 67600 AND *RETEST WILL MOVE TOWARDS 74K-75.* I AM OPTIMISTIC FOR SECOND SITUATION.