Tùng has just researched this cycle $BTC and what will happen with the previous cycle?
✅ MA200 weekly: has confirmed the bottom region
✅ MA200 daily: has confirmed the breakout from the downtrend
❌ MA50 weekly: is currently at the resistance at 81–82
Personally, Tùng believes that no matter what, it will still go up—but the important thing is that the market is still quite gloomy right now, and we don’t know whether the guys still have money to buy. And if it were to drop further, would they still have capital to DCA? (The likelihood of a deep drop right now is very low.)
✅ MA200 weekly: has confirmed the bottom region
✅ MA200 daily: has confirmed the breakout from the downtrend
❌ MA50 weekly: is currently at the resistance at 81–82
Personally, Tùng believes that no matter what, it will still go up—but the important thing is that the market is still quite gloomy right now, and we don’t know whether the guys still have money to buy. And if it were to drop further, would they still have capital to DCA? (The likelihood of a deep drop right now is very low.)
