BTCUSDT | Potential Bottom for Now?
Market Context
Is this the potential bottom for Bitcoin? Let’s dive into the current situation.
Chart Analysis
Yesterday, I speculated about a push up, and today, it seems we might be at a temporary bottom for BTC.
Key Indicators
There are several signs pointing to this being a potential bottom:
• Failed Push Down: We attempted to break through 65k but were quickly pulled back up.
• Strong Support at 67k: Yesterday, we saw another pullback from 67k, indicating strong buying pressure.
• Bullish Fundamentals: Market fundamentals are suggesting a move higher.
Strategy
Given these factors, I’m not convinced we’ll see 60k again soon. While there’s always a possibility, the current indicators suggest we might move higher from here.
Action Plan
With a solid risk management plan in place, I believe it’s a good idea to try going long today. Let’s see if this bottom holds and we get the expected push up!
Stay tuned for updates—this could be an exciting move!
Is this the potential bottom for Bitcoin? Let’s dive into the current situation.
Chart Analysis
Yesterday, I speculated about a push up, and today, it seems we might be at a temporary bottom for BTC.
Key Indicators
There are several signs pointing to this being a potential bottom:
• Failed Push Down: We attempted to break through 65k but were quickly pulled back up.
• Strong Support at 67k: Yesterday, we saw another pullback from 67k, indicating strong buying pressure.
• Bullish Fundamentals: Market fundamentals are suggesting a move higher.
Strategy
Given these factors, I’m not convinced we’ll see 60k again soon. While there’s always a possibility, the current indicators suggest we might move higher from here.
Action Plan
With a solid risk management plan in place, I believe it’s a good idea to try going long today. Let’s see if this bottom holds and we get the expected push up!
Stay tuned for updates—this could be an exciting move!
Disclaimer
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