I noticed that whenever you post something the price either goes up or drops sharply
Post
Ualifi Araújo
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Bullish$BTC
We start another day in the land of #BTC, still looking to form some support above $88K. At this moment, it is making a good reaction, but we still need a solid daily close for any decent confirmation.
Recovering the region of $92K is important, but I am not interested in that region; what really matters to us is the return of the price to $98K. That is where things will be defined in the short term, and a successful recovery will put us in a great position (we need that).
I do not expect the BULLS to have an easy time recovering the $98K, on the contrary, but I still think they will do it. All this price melting was surgically done to reduce the market, and such things do not tend to last long. I know some optimistic people say that a V-shaped recovery is what we will have, but I do not think that is likely. We will evidently have a recovery, but not in a V shape.
We are extremely oversold; even the daily has gone to 28.32 at this moment, a region we last visited on March 1. On that occasion, after going so low... we walked to a new ATH above $126K, and it will not be different this time.
The dominance of BITCOIN continues to show weakness and at this moment threatens to fall below 58.66%, which is already helping the Altcoins, which are showing more strength in the recovery and should continue to do so. They will be much quicker in the upward recovery, especially when Bitcoin's dominance prints another drop to 57.79%.
Long-term investors are here; they will continue to accumulate. Most of the retail has CAPITULATED; it is in these moments that the market reacts.
We need to recover the $98K still during this week.
We start another day in the land of #BTC, still looking to form some support above $88K. At this moment, it is making a good reaction, but we still need a solid daily close for any decent confirmation.
Recovering the region of $92K is important, but I am not interested in that region; what really matters to us is the return of the price to $98K. That is where things will be defined in the short term, and a successful recovery will put us in a great position (we need that).
I do not expect the BULLS to have an easy time recovering the $98K, on the contrary, but I still think they will do it. All this price melting was surgically done to reduce the market, and such things do not tend to last long. I know some optimistic people say that a V-shaped recovery is what we will have, but I do not think that is likely. We will evidently have a recovery, but not in a V shape.
We are extremely oversold; even the daily has gone to 28.32 at this moment, a region we last visited on March 1. On that occasion, after going so low... we walked to a new ATH above $126K, and it will not be different this time.
The dominance of BITCOIN continues to show weakness and at this moment threatens to fall below 58.66%, which is already helping the Altcoins, which are showing more strength in the recovery and should continue to do so. They will be much quicker in the upward recovery, especially when Bitcoin's dominance prints another drop to 57.79%.
Long-term investors are here; they will continue to accumulate. Most of the retail has CAPITULATED; it is in these moments that the market reacts.
We need to recover the $98K still during this week.
Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.