$BTC Analysis 06/ 08/ 2024
#BTCfollowed perfectly what I thought it would do yesterday, it closed below the blue line on the chart, but still well above the gray band, however, here we have the perfect recipe for a new wave of liquidations, see that yesterday we did not close above 56,600, but today we already have the price trying to stay above the blue line on the chart which is very OPTIMISTIC at first glance, but things are too easy here, such a vertical recovery is not what I expect at this moment, so if we are able to close within the green band on the chart I will assume that the bottom is here between $48/59K and maybe we can do something similar to the drawing made on the chart, to go back up again.
Don't get things mixed up, I AM OPTIMISTIC... I just don't think that such a straight rise is the best, or the most likely.
I believe that we will have 2 exciting weeks ahead, so let's go together!
In the last 48 hours we have seen#BTCbulls buying over 30k BTC, so I assume that prices below $60k will be taken advantage of to continue to increase here.
The more desperate people are to trade the bottom, the more money they will lose chasing it. I believe we will be hunting both sides before any definitive movement, so stay tuned.
Big SELLERS are already starting to lower their orders to $60K, this is an expected movement and goes completely against what I think could be the next move, as the market could seek that liquidity and then seek the liquidity that forms below $50K.
Big BUYERS are positioning themselves at $48K and $50K, so I think that this liquidity will also be captured before we finally go back up.
In my opinion the BULL market for#BTCremains intact and this is BOLISTICAL.
DO NOT SELL YOUR COINS NOW!
