🚨BTC-- 48300--😧🚨🚨🚨
"BTC Update: Importance of Market Understanding
If you're new to the market, please take the time to learn how it works before making any moves. Reading only headlines can be harmful to your portfolio, so make sure to read the entire post.
As you may recall, our previous target for BTC was successfully reached. I advised members to exit the market at $69,500, emphasizing the importance of saving money alongside making money. Apologies for the delayed post, friends!
When the market was at $63,400, I mentioned that we were entering a short-term bullish phase, expecting a rise to $70,500. I also warned of an impending huge correction from the $70K zone.
My analysis is based on thorough research and technical expertise. I encourage those who dismiss technical analysis to educate themselves by reading my previous posts and enhancing their market understanding.
Fundamentals are well-known, including the US elections, crypto adoption, Middle East tensions, and recession fears. Moving forward, if we can maintain above $62,800 for at least 45 minutes, we may see a recovery to $65,100, with the first target at $64,300. If BTC holds at $65,100, we could break above $67,300, a crucial level for reaching all-time highs.
Remember, we're in a long-term bearish cycle that will only end if we stay above $67,300 for at least three days. Touching $60,500 again could signal a bottom or recession onset, ending at $48,300. Expect market fluctuations, and stay safe by joining my membership for regular updates every 12 hours."
#July_NonFarmPayrolls_Shock #US_Job_Market_Slowdown #Babylon_Mainnet_Launch #BinanceHODLerBANANA #HamsterKombat
