$BTC $BTC $BTC

It’s not a good time to short BTC right now. Over the past couple of days, major investors have been entering the market, and the trend has shifted. This change is significant, like reaching a critical point where things can flip. If you understand the Tai Chi symbol, you’ll know that a strong negative sentiment can be the starting point for a market reversal.

Currently, the MACD indicator shows a golden cross near the zero axis, indicating a strong upward trend for BTC. This bullish cycle is likely to last longer than previous ones. In the last few days, even without any major news, BTC should be trading between $63,000 and $61,800 for accumulation and consolidation. If the price pulls back to $61,800, it’s a good opportunity to buy. Even though the bulls are strong, there will still be pauses for rest.

At the 1-hour level, there’s a retracement pattern forming, so consider buying during these pullbacks. This could be one of the last chances to invest before a big rise in October and November. Major investors drive the market, and once a trend is established, it won't end quickly.

With the U.S. elections coming up, there's a push to raise sentiment and coin prices, which is a common tactic to attract more interest. Musk's press conference yesterday could have contributed to BTC's rise as he aims to support Trump during the election campaign. He’s leveraging his influence and product launches to draw attention to himself and Trump, both of whom are trying to win this election. Smart investors often capitalize on good news and trends.

Additionally, the decline in Chinese A-shares is pushing more funds towards BTC. Chinese retail investors are among the largest in the world when it comes to cryptocurrency speculation. I mentioned earlier that when A-shares drop, BTC tends to start rising. In this financial competition, the West is still ahead; they raise stock prices while also managing to keep BTC suppressed until they can buy in at lower prices.