$BTC today‼️
The forecast yielded a profit of at least 20% if you used the $84,400 level as a pivot point for trading long and short positions.
It was crucial for the bulls to close the weekly candle above $84,400 to maintain a sustained uptrend; the current decline signals weakness ahead of macroeconomic data releases. Bearish pressure is currently pushing the price to test the upper boundary of the implied descending trading channel. I am currently holding a short position, but I will close it as soon as I see signs of a short-term price recovery.
Just as I predicted, the price was first pushed outside the trading pattern, then market participants were lured into a bull trap, and now the majority of long positions are being liquidated. Geopolitical factors are weighing on the markets—signals we have analyzed together many times. I anticipate that today’s data will show either outflows from ETFs or only negligible inflows. The Coinbase Bitcoin Premium Index has dropped to lower levels, further indicating weak buying power. My plan for today is to secure a profit of at least 10%. I intend to trade near the upper boundary of the channel shown on the Bitcoin price chart.
Wishing everyone profitable trades💰💪
The forecast yielded a profit of at least 20% if you used the $84,400 level as a pivot point for trading long and short positions.
It was crucial for the bulls to close the weekly candle above $84,400 to maintain a sustained uptrend; the current decline signals weakness ahead of macroeconomic data releases. Bearish pressure is currently pushing the price to test the upper boundary of the implied descending trading channel. I am currently holding a short position, but I will close it as soon as I see signs of a short-term price recovery.
Just as I predicted, the price was first pushed outside the trading pattern, then market participants were lured into a bull trap, and now the majority of long positions are being liquidated. Geopolitical factors are weighing on the markets—signals we have analyzed together many times. I anticipate that today’s data will show either outflows from ETFs or only negligible inflows. The Coinbase Bitcoin Premium Index has dropped to lower levels, further indicating weak buying power. My plan for today is to secure a profit of at least 10%. I intend to trade near the upper boundary of the channel shown on the Bitcoin price chart.
Wishing everyone profitable trades💰💪
