$BTC
AGAIN rejected at the EMA 50/100 (4h), these have been a fierce resistance for some time.
Unfortunately, the BULLS could not recover the $90K and this led us to $85K. We are about to close the current 4h candle, with a fairly reasonable appearance, but now with some extra difficulty since we have to recover the $87K in the next 4h candle.
The dominance of USDT has skyrocketed to 6.47%, it is clear that there is fear in the market, and it is making retail rush to USDT, and as we have an intensification of this narrative of INTEREST RATE INCREASE in JAPAN, it causes the market to start pricing this in.
I added a new range on the chart, in blue, if there is a new rejection in recovering the $87K in the next 4h, then it is likely that we will have the price working on it again.
Starting tomorrow, we should have the real price movement, and we can start to see a recovery back to $95K, even if we have eventually lost some strength today.
I have been through other cycles, so I do not intend to follow the CROWD just to look the SAME, in the past I was with a few BULLS that remained amidst the CHAOS, the same should happen in this cycle, therefore, I do not worry about prices here.
In my opinion, the level to be watched is around $98K, until we get there, the movement in this sideways channel does not matter to me and should not matter to you either.
Gentlemen, I am not sailing these seas for the first time, so... it will not be a wave of movements surgically caused by manipulated news to shake out investors that will bring me down here.
If you cannot wait, then you will not win... it's that simple!
The same thought still:
The $126K was not the definitive top for Bitcoin, and the Altcoins did not have any significant RISE, therefore, a true BULLRUN has not happened yet, but it will!
AGAIN rejected at the EMA 50/100 (4h), these have been a fierce resistance for some time.
Unfortunately, the BULLS could not recover the $90K and this led us to $85K. We are about to close the current 4h candle, with a fairly reasonable appearance, but now with some extra difficulty since we have to recover the $87K in the next 4h candle.
The dominance of USDT has skyrocketed to 6.47%, it is clear that there is fear in the market, and it is making retail rush to USDT, and as we have an intensification of this narrative of INTEREST RATE INCREASE in JAPAN, it causes the market to start pricing this in.
I added a new range on the chart, in blue, if there is a new rejection in recovering the $87K in the next 4h, then it is likely that we will have the price working on it again.
Starting tomorrow, we should have the real price movement, and we can start to see a recovery back to $95K, even if we have eventually lost some strength today.
I have been through other cycles, so I do not intend to follow the CROWD just to look the SAME, in the past I was with a few BULLS that remained amidst the CHAOS, the same should happen in this cycle, therefore, I do not worry about prices here.
In my opinion, the level to be watched is around $98K, until we get there, the movement in this sideways channel does not matter to me and should not matter to you either.
Gentlemen, I am not sailing these seas for the first time, so... it will not be a wave of movements surgically caused by manipulated news to shake out investors that will bring me down here.
If you cannot wait, then you will not win... it's that simple!
The same thought still:
The $126K was not the definitive top for Bitcoin, and the Altcoins did not have any significant RISE, therefore, a true BULLRUN has not happened yet, but it will!
