$BTC
Impressive, we are seeing a strong and solid price action across the market, and of course, #BTC leading this movement. Notice that yesterday it dropped -7.12% and since then it has risen +10%. Gentlemen... the BULLS are not dead!
A close above $88K is already very good, but if we can achieve something in the $92K region it would be even better... it would force the SELLERS trapped in that region to close losing positions and obviously facilitate the liquidation of the SHORTs on the next rise.
I added a small red band on the chart, in the current region. Breaking this region puts us easily in a straight line towards $98K, which is our main level and of extreme interest for BOTH sides; that is where everything is decided.
Despite finding the market reactions and Bitcoin in particular incredible, I am ZERO surprised by this. My thought is that BITCOIN has not found the definitive top at $126K and still will, so as long as we are not making new Historical highs and forming some signal that this is the definitive top, I see no reason to change my mind just because some bad news is surgically released to cause panic and chaos.
Crypto Adoption is evident; if you are not seeing it, it's because you don't want to see it. And as our dear Satoshi said: "If you don’t believe me or don’t understand, I don’t have time to try to convince you, sorry!".
That said...
A pre-cut recovery ($98K) is the most likely, and we have made the first move towards that. The clearest confirmation of this is the acceptance of the price above this added red band on the chart. Pay attention there!
Spend some time observing the dominance of USDT; it seems ready to return to 4.70%, which would help us maintain the rise in BTC and Altcoins.
An Altseason will arrive!
Impressive, we are seeing a strong and solid price action across the market, and of course, #BTC leading this movement. Notice that yesterday it dropped -7.12% and since then it has risen +10%. Gentlemen... the BULLS are not dead!
A close above $88K is already very good, but if we can achieve something in the $92K region it would be even better... it would force the SELLERS trapped in that region to close losing positions and obviously facilitate the liquidation of the SHORTs on the next rise.
I added a small red band on the chart, in the current region. Breaking this region puts us easily in a straight line towards $98K, which is our main level and of extreme interest for BOTH sides; that is where everything is decided.
Despite finding the market reactions and Bitcoin in particular incredible, I am ZERO surprised by this. My thought is that BITCOIN has not found the definitive top at $126K and still will, so as long as we are not making new Historical highs and forming some signal that this is the definitive top, I see no reason to change my mind just because some bad news is surgically released to cause panic and chaos.
Crypto Adoption is evident; if you are not seeing it, it's because you don't want to see it. And as our dear Satoshi said: "If you don’t believe me or don’t understand, I don’t have time to try to convince you, sorry!".
That said...
A pre-cut recovery ($98K) is the most likely, and we have made the first move towards that. The clearest confirmation of this is the acceptance of the price above this added red band on the chart. Pay attention there!
Spend some time observing the dominance of USDT; it seems ready to return to 4.70%, which would help us maintain the rise in BTC and Altcoins.
An Altseason will arrive!