🚨🚨 #Bitcoin Update, MUST READ!! 🚨🚨
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Is the bottom in for $BTC ? Are we ready to pump? Find out in this post.
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In this post, I'll explain what we can expect for #BTC going forward.
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Let's start with the previous trade setup:

As I said in the quoted post, wait for the confirmation to see if the 68.4k support holds; it didn't hold. We literally fell right through it.

I hope no one entered this trade since there was no confirmation, and this was invalidated eventually.
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Current situation update:

On the daily time frame, BTC came down to the green zone, which also aligns with the 0.618 fib level, and we saw a bounce off of this level again, just like before.

Keep in mind that this is also a double-top neckline; if we dump from here, the technical target is around 60k. But one thing that's good here is that the oscillator has finally been reset completely and is ready for a pump with full force.

The August prediction of 82k BTC still stands; going forward, let's see what happens.
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On the 4 hourly, BTC got rejected by the 20 EMA and dumped into the green zone. This happened mainly because of the FOMC data yesterday. The market was waiting for a rate cut, but since it remained the same, we saw this sell-off. This is just a short-term dump, which we'll recover from very soon.

On the bright side, we have a bullish divergence, which is confirmed at the support level, and we can expect a bounce back soon. Going forward, I'd like to see BTC break out of the 20 EMA both on the daily and 4H. This is what I'm looking forward to right now.
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Thanks for reading, stay safe.🤝🏻
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PS: If you like my posts, and found this post informative, feel free to leave a tip by clicking the yellow tipping button below. I'll be grateful.❤️

#btc70k #Binance #ETF

#Bitcoin Update! MUST READ.
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Is #BTC about to print a $10,000 candle? Find out in this post.
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In this post, I'll explain what we can expect from bitcoin in the next 4-7 days.
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Following up from my previous post, I can say the likelihood of this pump being an ABC correction has been invalidated. We also broke out of the MA resistance on the oscillator, which is a very good sign.
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Going forward, $BTC on the daily is ready to continue upwards, and right now we're at a key resistance zone. When we break out of this zone, we'll be at a technical target of a minimum of $71,792 bitcoin. (1st chart)

On the other hand, if we fail to break out of this resistance level and start to roll down, we have confirmed the double top pattern, and once we lose the neckline at $65k, the technical target of this dump will be approximately $62k.

Let's just hope that BTC manages to flip it's resistance into support. With the Trump speech imminent, we may see a huge green candle going forward, thus flipping the resistance. Let's see what happens.
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Let's talk about the 4H (2nd chart):

The divergence I was talking about is still valid, and the possibility of us dumping here is high. The best case scenario will be to go down, retest the 0.5 fib level as support while the oscillator resets, and then shoot back up.

I'd also like to mention that when the daily is bullish, the 4H oscillator stays on top for a very long time before becoming neutral.

With the Trump speech imminent, I think we'll likely see the oscillator stay on top for a very long time before rolling down. But just in case, be careful.
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Thanks for reading, Stay safe.🤝🏻
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AD: If you're interested in learning technical analysis like I do, comment "Teach Me" also mentioned your email ID for me to reach you, and I'll personally reach out to guide you on your journey with my exclusive one-on-one coaching sessions.

#ETF #btc70k #BTC☀