BTC/USDT important levels Level Price (USD) Resistance 2 $81,600 Resistance 1 $80,875 Support 1 $79,400 Support 2 $78,650 Support 3 $77,950 Bullish signal: Price closes a candle above resistance and volume supports it. Bearish signal: Candle closes below support. Risk: BTC is volatile; in futures, leverage can quickly increase losses. These levels are educational, not a guaranteed prediction.$BTC #
October 24 Today I’m sharing my outlook through the end of the year. Bitcoin. The U.S. midterm elections are on November 3. There’s a very high probability Trump will lose. And after the September rate hike, a rally in risk assets just doesn’t make sense. It’s simply a short squeeze. The U.S.-Iran war is escalating, and oil prices are soaring. Now all Bitcoin needs to fall is a news catalyst. Between October 24 and November 10, a sharp crash is bound to happen in the next few days. If Bitcoin holds 75,000–73,000, there could still be another rally, with a high around 90,000. Don’t even wonder about the rate-hike outlook for December—it’s certain there’ll be a hike. Even if rates aren’t raised in October, the Fed will make extremely hawkish remarks. So if you’re planning to trade, manage your position size carefully. You can’t bet against tomorrow’s news-driven market moves. I said two things were certain. If I’m wrong, I won’t post another update. A lot of people are trading gold and silver right now. There’s really no need to panic. You can’t judge gold and silver by their moves over just a day or two. Just hold them for the long term. Trump hasn’t been making calls lately becau#BinancePick I’m posting this because I’m really worried about how this market will look by year-end: rate hikes—war and soaring oil prices—high inflation leading to another rate hike—Trump losing the election and facing impeachment—then another attack on Iran, with Iran threatening to cut undersea fiber-optic cables and disrupt the internet. Any one of these events could send prices down by $3,000–$5,000. Keep your positions small over the next few days and keep your hands off the controls. Don’t make random moves. Wait until it reaches the right level before entering. As I said in my very first post, 57,700 isn’t the bottom. This could drag on for half a year. Next time it gets to 50,000 or 40,000, I’ll buy even if I have to sell my wife to do it.$XAG