Overview of Bitcoin by former hedge fund trader TCI 🎈
It is important to understand: the market cannot be guessed, but one can avoid getting lost in its movements. We do not know the exact trajectory of the price, but we can clearly determine how it will behave when reaching key levels. Currently, there are two working scenarios for BTC.
1. Long Scenario
Relevant when consolidating above $90,000. Holding this level opens the way to the following targets:
$98,000
$100,000
2. Short Scenario
Will become a priority if the local minimum updates around $85,000. In this case, the market may accelerate:
breakout of $80,000
first target level - $78,000
I consider a deep correction and spot accumulation in the range of $70,000–75,000 - as a zone of increased interest and potential reversal.
P.S. Regardless of the scenario, the area of $70–75K remains a key zone where I expect a final cleanup and formation of a medium-term base.
It is important to understand: the market cannot be guessed, but one can avoid getting lost in its movements. We do not know the exact trajectory of the price, but we can clearly determine how it will behave when reaching key levels. Currently, there are two working scenarios for BTC.
1. Long Scenario
Relevant when consolidating above $90,000. Holding this level opens the way to the following targets:
$98,000
$100,000
2. Short Scenario
Will become a priority if the local minimum updates around $85,000. In this case, the market may accelerate:
breakout of $80,000
first target level - $78,000
I consider a deep correction and spot accumulation in the range of $70,000–75,000 - as a zone of increased interest and potential reversal.
P.S. Regardless of the scenario, the area of $70–75K remains a key zone where I expect a final cleanup and formation of a medium-term base.