So in this month, does the BTC still have a correction to 116 or not?!
Post
GiangBh Crypto
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Happy new week ❤️
💥 After touching the 125 zone to take liquid and creating a local peak at 124.7 as noted by bG on 3/10, atrai $BTC has pulled back slightly/sideways as noted on 4/10, there is a negative divergence and it is still being expressed on H1& H4.
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can test 122.7-122.3 (->121.5-120.6)
- The D1 frame is still bullish, if 118 is maintained then it’s still a normal uptrend.
The resistance remains at the 125-127 zone as noted by bG.
💥 the girl $ETH yesterday also reached the target of 4600 that bG pinned, currently there is no negative divergence, there is still room to rise.
But as bG often reminds, when BTC.D is at a high zone, atrai will lead the market and pull the whole train up/down accordingly. If atrai is sideways at a high price like now, but BTC.D goes down, then the girl can pull alts up.
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accumulate around the 4500 zone: maintain 4440-->
4620-4750-4800
💥 Little BNB: 1190-1185(->1160); 1210-1220 (->1260-1300)
💥 Macroeconomic Q4 for everyone:
- Usually after having inflation/PCE data for Q3, the Fed enters the phase of considering economic support at the end of the year.
The other day, the Fed cut by 25bps and signaled gradual easing by adding 2 more times. Q4 is usually a phase where the Fed is softer to support liquidity for the financial market.
- Over there, there is a tendency to increase spending in Q4 (infrastructure, defense, stimulus for residents/businesses) to boost GDP before the new fiscal year.
-->
These spending packages usually indirectly pump liquidity into the economy, supporting risky assets.
- From October to December, there are many holidays: Black Friday, Thanksgiving, Christmas --
-->
encouraging consumption --
-->
businesses push products, report profits --
-->
the stock market usually benefits, extending to coins.
💥💥 Q4 is usually bustling with both stocks and coins, because liquidity is better and the policy is supportive. The Fed has entered a rate cut cycle, the expectation of a “soft landing” for the US economy will make the money flow more confident.
💥 After touching the 125 zone to take liquid and creating a local peak at 124.7 as noted by bG on 3/10, atrai $BTC has pulled back slightly/sideways as noted on 4/10, there is a negative divergence and it is still being expressed on H1& H4.
-->
can test 122.7-122.3 (->121.5-120.6)
- The D1 frame is still bullish, if 118 is maintained then it’s still a normal uptrend.
The resistance remains at the 125-127 zone as noted by bG.
💥 the girl $ETH yesterday also reached the target of 4600 that bG pinned, currently there is no negative divergence, there is still room to rise.
But as bG often reminds, when BTC.D is at a high zone, atrai will lead the market and pull the whole train up/down accordingly. If atrai is sideways at a high price like now, but BTC.D goes down, then the girl can pull alts up.
-->
accumulate around the 4500 zone: maintain 4440-->
4620-4750-4800
💥 Little BNB: 1190-1185(->1160); 1210-1220 (->1260-1300)
💥 Macroeconomic Q4 for everyone:
- Usually after having inflation/PCE data for Q3, the Fed enters the phase of considering economic support at the end of the year.
The other day, the Fed cut by 25bps and signaled gradual easing by adding 2 more times. Q4 is usually a phase where the Fed is softer to support liquidity for the financial market.
- Over there, there is a tendency to increase spending in Q4 (infrastructure, defense, stimulus for residents/businesses) to boost GDP before the new fiscal year.
-->
These spending packages usually indirectly pump liquidity into the economy, supporting risky assets.
- From October to December, there are many holidays: Black Friday, Thanksgiving, Christmas --
-->
encouraging consumption --
-->
businesses push products, report profits --
-->
the stock market usually benefits, extending to coins.
💥💥 Q4 is usually bustling with both stocks and coins, because liquidity is better and the policy is supportive. The Fed has entered a rate cut cycle, the expectation of a “soft landing” for the US economy will make the money flow more confident.