$BTC IS DUMPING 🚨 INSTITUTIONS ARE SELLING 🙀 WHAT'S NEXT ? DUMP OR PUMP 🚨
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Recent whole pump was also supported by the China–US meeting hype. Xi is arriving in the US today and the main Trump–Xi meeting is tomorrow, September 24. Both sides are trying to keep relations stable, with trade and other major issues on the table.
So for me, a lot of this good news was already priced in before the meeting. Now I will be careful because this can easily become a buy the rumor, sell the news situation.
BTC already moved almost 20K points from the lows, so honestly this pullback is normal. The important area now is around 82K–83K. This is basically the neckline of the previous W-bottom pattern. BTC broke this neckline and pumped, so normally price can come back to test this area again before the next bigger move.
For me, 83K is the first main spot-buy area. I will keep another batch around 80K also. I am not scared of this pullback because I still expect the next 3 months to remain bullish overall, so these dips are more interesting for accumulation than panic selling.
For aggressive futures traders, short can also be taken, but I don't like chasing the dump here. Better wait for a small bounce first. If BTC gives bounce towards 85.7-86.3 k area and then gives rejection short can be considered.
🎯Short targets:
85000
84,309
83,000
And remember yesterday we already discussed that BTC can give the upside move first. It went exactly towards 87.3K, then started this pullback.
So till now BTC is moving almost exactly like wdiscussed.For now my expectation is still more downside first, and during this correction I will slowly prepare my spot buys. 🐼
For $ETH , $2,640 is the first support I am watching. If the correction gets deeper, $2,535 is the stronger support and my main dip-buy area. I prefer buying spot slowly around these supports rather than chasing pumps.
$SOL will Retrace Bitcoin as it is .Short it as well .
Always DYOR and never invest all in one trade
Must Read‼️
Recent whole pump was also supported by the China–US meeting hype. Xi is arriving in the US today and the main Trump–Xi meeting is tomorrow, September 24. Both sides are trying to keep relations stable, with trade and other major issues on the table.
So for me, a lot of this good news was already priced in before the meeting. Now I will be careful because this can easily become a buy the rumor, sell the news situation.
BTC already moved almost 20K points from the lows, so honestly this pullback is normal. The important area now is around 82K–83K. This is basically the neckline of the previous W-bottom pattern. BTC broke this neckline and pumped, so normally price can come back to test this area again before the next bigger move.
For me, 83K is the first main spot-buy area. I will keep another batch around 80K also. I am not scared of this pullback because I still expect the next 3 months to remain bullish overall, so these dips are more interesting for accumulation than panic selling.
For aggressive futures traders, short can also be taken, but I don't like chasing the dump here. Better wait for a small bounce first. If BTC gives bounce towards 85.7-86.3 k area and then gives rejection short can be considered.
🎯Short targets:
85000
84,309
83,000
And remember yesterday we already discussed that BTC can give the upside move first. It went exactly towards 87.3K, then started this pullback.
So till now BTC is moving almost exactly like wdiscussed.For now my expectation is still more downside first, and during this correction I will slowly prepare my spot buys. 🐼
For $ETH , $2,640 is the first support I am watching. If the correction gets deeper, $2,535 is the stronger support and my main dip-buy area. I prefer buying spot slowly around these supports rather than chasing pumps.
$SOL will Retrace Bitcoin as it is .Short it as well .
Always DYOR and never invest all in one trade
