👋 Welcome to DC Trader! There are always opportunities in the market, but not every opportunity is worth pursuing. At DC Trader, I share independent insights on: 🟡 Gold & Silver ₿ Bitcoin & Altcoins 🌍 Global Macro & Economics 📊 Technical Analysis & Risk Management I believe success in the market isn't just about seeking profits—it's also about managing risk and staying in the game for the long run. Don't follow the crowd. Don't trade away discipline for emotion. Trade small, survive long, and win steadily. I'm glad to connect and be part of the Binance community! #DCTrader #Bitcoin #BTC #Crypto #Gold
📊 BITCOIN – IS 78K THE KEY PRICE LEVEL FOR A RECOVERY? As AD previously predicted, selling pressure brought BTC down to the 75K zone. So, what price levels will be key for Bitcoin to begin a new upward move? From AD’s perspective, pay special attention to: 🔹 78K: The 0.5 Fibonacci retracement level. If BTC breaks above and holds this area, the chances of a recovery will strengthen. 🔹 80K: A key descending trendline. If BTC breaks through this trendline, the short-term structure will become significantly more positive. 🎯 Expected target: 89K. Previously, BTC broke below the steep ascending trendline from its earlier rally. So, for a new uptrend to begin, the market needs time to consolidate and absorb selling pressure. AD does not expect prices to rise in a straight line. Choppy moves, pullbacks, and retests are all entirely possible. However, if BTC goes on to reclaim 78K and break through the trendline at 80K, the journey toward 89K will no longer be far off. #BTC #BITCOIN