From what I can see, $BTC is already in the 81.2K–75.4K

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From what I can see, $BTC is already in the 81.2K–75.4K range!
Based on the daily candles, we have:
- Two lower highs — the start of a downtrend
- Lost the 50 EMA, with a candle closing below the 80K zone
- MACD has turned negative
- Volume and upward momentum are still there, but not much in the 80–81K zone anymore!

WILD GUESS: today, the 80–81K range will be a “sell-off” zone, and in the short term, price will consolidate again in the 7x range (just a wild guess; if I’m wrong, so be it. This is just for fun—I don’t recommend you guys believe it and trade futures based on it.)

One thing remains: the weekly chart is still positive, and the weekly candle’s price range is between 87K and 75K! That range is too wide to determine the trend. BTC is currently in the middle, and its next move could go either way!

Koiisyourname

I was thinking of taking a break from posting, since I’m currently juggling quite a few AI studio projects and don’t have much time. I’m still trading and keeping an eye on things, though :))

Today, let’s take a quick look back at $BTC !
1. The “signal” I mentioned last month did show up, but it went a bit too far. I really didn’t want to see $BTC surge all the way to 8x, because then it would take a very long time to wait for an entry opportunity!
2. I’m waiting for an entry around 65K–7x, since that’s a pretty good area for deep accumulation.
3. The current medium-term candle is still holding in an uptrend, but it’s gradually weakening due to inflation and poor economic indicators in various countries (just a reason for a correction).

For now, BTC is sitting in the 81K support zone, right at the weekly candle’s EMA50! This is a fairly solid support zone, and also a sensitive area. If a daily candle closes below this zone, there’s a very high chance it’ll drop to the 70K–80K accumulation zone (which is what I’m waiting for).

If you have any questions, just leave a comment and ask! I’ll reply when I have some free time in the next day or two. I promise I’ll be more active :))

BTC+0.82%