Hellooo, my loves ❤️
I thought it had only been 3d since my last post, but then I looked again and it’s been 1w 😵💫 So fast, so dangerous 😭
💥 Anyway, the important thing is that even though I’ve been busy, I’ve been checking in now and then and there’s nothing new in the price action to flag—so BG has another note for you today:
As for $BTC , the short-term picture is a bit mixed: H1 looks okay, but momentum on H4 has been weak over the past few days --> price could retest 87–87.4; if it does, watch for bearish divergence/a bull trap there.
--> Only once H4 breaks out with a strong candle above 87.5 can we breathe a sigh of relief.
--> Support: 85.7–85 --> 84.8
--> If H4 <84.5, that’s unfavorable in the short term --> price may continue retesting the old support levels BG noted in previous posts.
💥 Here are the things looking okay and not okay that we still need to keep an eye on:
- Still not looking good: the macro picture is bad, as BG has mentioned --> we still need to closely watch DXY, 10y/30y Treasury yields, and of course CPI/PPI.
- Looking okay for now: DOM is recovering technically but hasn’t reversed; ETH/BTC is taking a breather but hasn’t broken structure; ETFs are still supportive.
--> So if any of the factors above that we’re watching turn more unfavorable, the market could stay in this decisive range for longer; but altcoins could correct more deeply.
💥 A reminder: this is a sensitive period, so get in and out quickly, everyone. “The eyes only want to see what the brain believes” --> stay rational and disciplined, so if anything unwanted happens, you can still keep calm 🩷
💥 In Saigon this time of year, the streets turn into rivers, so BG has been “swimming” through the streets nonstop for the past few weeks—I’m practically getting sick 😆 Here’s a look at the Barringtonia tree at my place, my loves. Take care of your health—the weather is getting more and more extreme!
--- Love all ---
I thought it had only been 3d since my last post, but then I looked again and it’s been 1w 😵💫 So fast, so dangerous 😭
💥 Anyway, the important thing is that even though I’ve been busy, I’ve been checking in now and then and there’s nothing new in the price action to flag—so BG has another note for you today:
As for $BTC , the short-term picture is a bit mixed: H1 looks okay, but momentum on H4 has been weak over the past few days --> price could retest 87–87.4; if it does, watch for bearish divergence/a bull trap there.
--> Only once H4 breaks out with a strong candle above 87.5 can we breathe a sigh of relief.
--> Support: 85.7–85 --> 84.8
--> If H4 <84.5, that’s unfavorable in the short term --> price may continue retesting the old support levels BG noted in previous posts.
💥 Here are the things looking okay and not okay that we still need to keep an eye on:
- Still not looking good: the macro picture is bad, as BG has mentioned --> we still need to closely watch DXY, 10y/30y Treasury yields, and of course CPI/PPI.
- Looking okay for now: DOM is recovering technically but hasn’t reversed; ETH/BTC is taking a breather but hasn’t broken structure; ETFs are still supportive.
--> So if any of the factors above that we’re watching turn more unfavorable, the market could stay in this decisive range for longer; but altcoins could correct more deeply.
💥 A reminder: this is a sensitive period, so get in and out quickly, everyone. “The eyes only want to see what the brain believes” --> stay rational and disciplined, so if anything unwanted happens, you can still keep calm 🩷
💥 In Saigon this time of year, the streets turn into rivers, so BG has been “swimming” through the streets nonstop for the past few weeks—I’m practically getting sick 😆 Here’s a look at the Barringtonia tree at my place, my loves. Take care of your health—the weather is getting more and more extreme!
--- Love all ---
