$BTC After sweeping the previous quarterly lows, we're seeing a slight relief rally with prices bouncing back about 9%. If we can maintain support above this low, a push towards the quarterly opening price of $68.3k becomes possible.
From a liquidity standpoint, this is currently the main target.
However, I still believe we have some downward space before BTC finally forms a bottom. That's why I think hitting that level could serve as a potential bear market retest before BTC starts its final push downwards.
If we lose pqL, the next major focus area for the downside will be the unfilled CME gap at $54k, which also aligns well with the Fibonacci golden pocket from the previous bull run.
This is one of the key areas where I expect a significant reaction, so it's also where I'm placing another spot limit order.
Below that is the July 2024 low. This low has remained untouched since the last upward phase of the previous bull run, and it's another level where I plan to accumulate spot.
However, for prices to revisit that level, significant selling pressure is needed, as the $55k-$60k area is currently being defended quite actively by buyers.
#美国CPI升至4.2%创三年新高
From a liquidity standpoint, this is currently the main target.
However, I still believe we have some downward space before BTC finally forms a bottom. That's why I think hitting that level could serve as a potential bear market retest before BTC starts its final push downwards.
If we lose pqL, the next major focus area for the downside will be the unfilled CME gap at $54k, which also aligns well with the Fibonacci golden pocket from the previous bull run.
This is one of the key areas where I expect a significant reaction, so it's also where I'm placing another spot limit order.
Below that is the July 2024 low. This low has remained untouched since the last upward phase of the previous bull run, and it's another level where I plan to accumulate spot.
However, for prices to revisit that level, significant selling pressure is needed, as the $55k-$60k area is currently being defended quite actively by buyers.
#美国CPI升至4.2%创三年新高