BTC weekly candle close
Long positions are still open
Still looking good
At the very least, price is still above 81,500
As long as it's above 81,500, the bulls are in a strong position
If 81,500 holds, it has to head toward 90,000
Sticking with the bullish view
On the weekly timeframe, price is currently around the weekly MA5 and MA62
The consolidation here should be about over
A new wave of gains should be coming soon
U.S. stocks also had a week of correction last week
After this week's Nasdaq futures closed the weekly candle, support has now moved up
U.S. stocks are expected to break to new highs again
The only risk ahead is Trump's midterm election, and that's still some time away
The Fed's rate hikes currently have a limited impact on the market
Because there haven't been many hikes
The dot plot shows only one more hike, so this can be seen as positive
The only potential negative factor may be Trump's midterm election
The market is currently stable and trending positively
BTC is currently around 83,500
ETH is around 2,550
Expect a bit of consolidation
Then it's set to take off
Because many altcoins' 3-day charts are already gearing up to break out
Markets usually move in sync
When it happens, they all move together $BTC
Long positions are still open
Still looking good
At the very least, price is still above 81,500
As long as it's above 81,500, the bulls are in a strong position
If 81,500 holds, it has to head toward 90,000
Sticking with the bullish view
On the weekly timeframe, price is currently around the weekly MA5 and MA62
The consolidation here should be about over
A new wave of gains should be coming soon
U.S. stocks also had a week of correction last week
After this week's Nasdaq futures closed the weekly candle, support has now moved up
U.S. stocks are expected to break to new highs again
The only risk ahead is Trump's midterm election, and that's still some time away
The Fed's rate hikes currently have a limited impact on the market
Because there haven't been many hikes
The dot plot shows only one more hike, so this can be seen as positive
The only potential negative factor may be Trump's midterm election
The market is currently stable and trending positively
BTC is currently around 83,500
ETH is around 2,550
Expect a bit of consolidation
Then it's set to take off
Because many altcoins' 3-day charts are already gearing up to break out
Markets usually move in sync
When it happens, they all move together $BTC