- BTC is currently trading around 98k. The price of BTC has been continuously rising for the past 2 weeks, and the market sentiment is extremely enthusiastic. Everyone is shouting uptrend. Altcoin Ss. - However, as I observe, it is currently a good time to take profit and hold USD, or you might wait for BTC to have a fake breakout past ATH (around 100-103k in the next 2 days.) - Below, it seems that everyone also sees the price of BTC continuously increasing but the volume is decreasing, this is a price increase that is not sustainable, so in my opinion, everyone should take some profits and wait for a correction to the 78-80 range before re-entering.
IF YOU ARE LONG ON ALTCOINS, YOU SHOULD CONSIDER TAKING SOME PROFITS OR EXITING COMPLETELY, THE MARKET IS PREPARING FOR ANOTHER ADJUSTMENT. THE WAVE WILL EXTEND UNTIL THE END OF AUGUST AND BEGINNING OF SEPTEMBER. BTC 109-110k ETH 3870
On this square, there are all talents, fighting without knowing if they can earn a dime, but they really like to show off. Whenever there’s an opportunity, they curse and provoke.
People share with those who match their views; if not, they just scroll past. It’s full of chatter. Here’s a little share about the upcoming views for everyone to reference :))
I wonder how you guys up here can't fight yet still show off like this, eating 2,3k and I still don't care to close the deal, laughing at the boss :)))
#BTC , are you okay? I've been holding onto losses for a month now.
I'm still stuck with a short position on BTC at the 83k level due to the market's sudden growth. Besides BTC, I'm also down on 12 short positions on altcoins by 10-15% spot, with the heaviest being the terrible coin SUI at 40%.
In my opinion, in the coming days, BTC will try to create a W-shaped bottom around the 98-99k area. After that, it will enter a major correction phase. The immediate targets are the 91k and 85k levels.
BTC ANALYSIS 2/5 As long as BTC has not closed the daily candle above 99k, there is a high likelihood that BTC will follow the plan shown in the image, guys. It is possible that BTC is trying to stretch to pull the monthly wick.
Currently, BTC is creating a BEARISH divergence on the H4 timeframe, and the next adjustment target is the area of 88300.
ANALYSIS #BTC ON 16/4: WAITING FOR CONFIRMATION OF THE AFTERNOON FLIP
BTC has just had a price adjustment of 3k from 86k down to the 83k range. Currently, BTC is still fluctuating within the yellow box and has not confirmed a specific trend.
If there are no special news updates, breaking out of the bottom of the box will confirm a downtrend everyone. The short-term target is 79,409.
BTC is currently at 84,600 and still within the sideways range of 82,700 – 86,000. Previously, the price experienced a strong increase but continuously failed at the resistance zone of 85,500 – 86,000, indicating that buying pressure is starting to weaken. The level at 82,700 is an important support area: if broken, I think BTC could fall to 79,000, or even deeper around 72,000.
TECHNICAL ANALYSIS H1: RSI is still at a neutral level, MACD momentum is gradually weakening Volume is decreasing In my opinion, the buying side may still be cautiously bottom-fishing in the area of 76. BTC is in a sideways state; if the bottom of the box at 82,700 is broken, the next target will be for BTC to return to 79,000 and 72,000, with tails possibly extending to the area of 68-69k. Conversely, if BTC breaks through the 86k area, the next target will be 89k before reversing into a downtrend.
In my personal view, I lean more towards a downward sideways trend. Keep an eye on the yellow area, everyone.
View #BTC BTC will drop to create a short-term bottom at the 795 area, then it will return to test the peak of 83-84 (may create a divergence or a double top pattern) before continuing back to the main corrective wave.
100% BTC has not created a bottom yet, so going higher is not possible, however, the chart will be difficult to navigate in this area for our short trades, the safest option may be to wait for the 795 area to reduce our short altcoin orders, and leave the rest to wait for the final phase to enter orders at 83k-84k. Tp: 68k