Glory be to God for the hair that the price hit the red line
Post
محمد غزوان
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$BTC – Current Status Update
Our position on Bitcoin is clear: "Almond Losses," and based on this we recommend managing trades within the rectangles for a duration of only 40 days. It is logical and in the market maker's interest that Bitcoin does not move out of this indicated range.
Current support for Bitcoin:
•Real liquidity exists in the Order Depth, where there are two strong buy orders:
•The first order at 87K
•The second order at 85K
•In contrast, there is a large sell order at 101K
Details by days:
•The first ten days: The market requests the price at 92K before any visit to support at 87K. If the price drops to 87K, the strong order at 85K will be taken, and at the same time, the market will relax and target 80K. Therefore, it is in the market maker's interest not to leave 87K unless there is strong support and a clear rebound.
•The following twenty days: Correction and taking the mentioned orders.
•The last ten days: The market has all the attributes to return and test the resistance at 98K.
Cancellation scenarios:
•The scenario is canceled if 87K is broken
•Or if 93K is breached
This update is to reassure those who need reassurance, without empty promises or vain dreams. And God knows best.
Are you confused about whether it's bullish or bearish? 😅
Keep your eyes on the current movement:
•If you see strong support at 87K → strengthen your trades and exit at 92K
•And wait for the correction → then buy at 83K
But if the market doesn't touch the support at all and breaches 92K → the situation is positively above, and adjust and enjoy the profit, teacher! 🎯
—@محمد غزوان
Our position on Bitcoin is clear: "Almond Losses," and based on this we recommend managing trades within the rectangles for a duration of only 40 days. It is logical and in the market maker's interest that Bitcoin does not move out of this indicated range.
Current support for Bitcoin:
•Real liquidity exists in the Order Depth, where there are two strong buy orders:
•The first order at 87K
•The second order at 85K
•In contrast, there is a large sell order at 101K
Details by days:
•The first ten days: The market requests the price at 92K before any visit to support at 87K. If the price drops to 87K, the strong order at 85K will be taken, and at the same time, the market will relax and target 80K. Therefore, it is in the market maker's interest not to leave 87K unless there is strong support and a clear rebound.
•The following twenty days: Correction and taking the mentioned orders.
•The last ten days: The market has all the attributes to return and test the resistance at 98K.
Cancellation scenarios:
•The scenario is canceled if 87K is broken
•Or if 93K is breached
This update is to reassure those who need reassurance, without empty promises or vain dreams. And God knows best.
Are you confused about whether it's bullish or bearish? 😅
Keep your eyes on the current movement:
•If you see strong support at 87K → strengthen your trades and exit at 92K
•And wait for the correction → then buy at 83K
But if the market doesn't touch the support at all and breaches 92K → the situation is positively above, and adjust and enjoy the profit, teacher! 🎯
—@محمد غزوان