$BTC - predictions for the upcoming week ☕
We observed an increase to $74k, followed by a slight correction from this level. Most of the nearby liquidation clusters are still concentrated in the $69k–$65k zone.
My current local view:
If today or tomorrow we do not see a sharp decline to $69k from the current levels, and #bitcoin holds the range of $72k–$74k confidently for a few days, then the preferred scenario will be a move up to targets of $79k–$85k.
In this case, I will consider all subsequent corrections as opportunities for local longs targeting the range of $79k–$85k. The sensible depth of such corrections in this scenario can still be as deep as $69k–$67k ±.
Meanwhile, I hold shorts on weaker altcoins - during a local correction $MINA should perform well on the downside and potentially provide strong profits.
We observed an increase to $74k, followed by a slight correction from this level. Most of the nearby liquidation clusters are still concentrated in the $69k–$65k zone.
My current local view:
If today or tomorrow we do not see a sharp decline to $69k from the current levels, and #bitcoin holds the range of $72k–$74k confidently for a few days, then the preferred scenario will be a move up to targets of $79k–$85k.
In this case, I will consider all subsequent corrections as opportunities for local longs targeting the range of $79k–$85k. The sensible depth of such corrections in this scenario can still be as deep as $69k–$67k ±.
Meanwhile, I hold shorts on weaker altcoins - during a local correction $MINA should perform well on the downside and potentially provide strong profits.