Bitcoin is on a roll, but a smart investor never gets carried away in victory and forgets to look at the challenges ahead. Ahead of us are 2 "regions" that are extremely important and could determine the trend of this cycle: $75,000 and $83,000.
1. Region 1: $75,000 – Psychological barrier
In this region, the Bears will make one last effort to defend. We need to see a breakout accompanied by huge Volume to confirm a sustainable upward trend. Without volume, a False Break is likely to occur. However, with institutional money accumulating over 1,400 BTC (see the money flow image), BTCVN4 believes the Bulls have a significant advantage.
2. Zone 2: $83,000 – The steel wall EMA 200
This is the real challenge! On the Daily frame, the EMA 200 line is hovering around the $83k mark. This is the boundary between a rebound and an official super cycle Up Trend. There is a high likelihood that the price will react strongly, even deeply adjust here to gain momentum. (you guys should pay attention to this area)
Advice: Don't FOMO when the price hits these levels. Observe how Volume reacts. Those who have a good position early (or foundational Altcoins like INJ, low-cost link) should be patient.
The market is on the right track, our job is to remain calm and observe the "footprints" of large capital!
And remember, the market always has surprises, make sure to set your stop-loss properly, guys!
I will share the article as soon as the signal changes.
This is a personal opinion, not investment advice, guys.
Wishing you all success
BTCVN4
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