BTC - LOCAL (08.02.24)
Adhering to the strategic framework established in preceding days, we have precisely reached the designated area as previously marked.
To optimize this positioning, it is prudent to hold our ground in this zone, strategically allowing individuals to establish short positions.
Subsequently, our focus shifts towards nurturing short players by injecting momentum into the liquidity zone.
Following this tactical move, a phase of observation will ensure.
While the prospect of an immediate ascent to $50,000 is plausible, the current lack of substantial catalysts prompts contemplation of a reduction strategy prior to reaching the $50,000 milestone.
To optimize this positioning, it is prudent to hold our ground in this zone, strategically allowing individuals to establish short positions.
Subsequently, our focus shifts towards nurturing short players by injecting momentum into the liquidity zone.
Following this tactical move, a phase of observation will ensure.
While the prospect of an immediate ascent to $50,000 is plausible, the current lack of substantial catalysts prompts contemplation of a reduction strategy prior to reaching the $50,000 milestone.
Note
Additionally, it's imperative to consider the time remaining until the halving event. While anticipating any potential dumps, corrections, or gradual price declines might seem prudent, it's becoming increasingly peculiar to anticipate a dump down to the $34,000 zone.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.