Today's BTC price Briefing
Currentyl, BTC shoot up above the wedge and supported well on the long-term trend line(red). It seems to go up.
Several alts rebound, but I think this movement is just for keeping upward trend as a preparation for stong rally of BTC. (In previous upward rally, price of alt coins who had increased before BTC rally decreased less than other alts. And rised again when BTC sidewaled.)
This is the point that strong price rise of BTC is expected, so that I want recomment short most of alt coints. I already sold most of alts when BTC price was around USD 9.4k. I don't think BTC will go down from current position. It may reach USD 10k within 2 days, and I expect the maxium short-term top point will be around USD 10,400. This value is the point that lots of trend and resistance lines are overlapped.
If there will not be a strong long force to reach 10.4k, a big green candle should appear because 10k is also a strong resistance point. And on downward, there are three strong supportive lines, 9.7k, 9.6k, and 9.4k, so we don't need to worry for that.
Add to this, if BTC goes above $10400, it could reach 12k without any big adjustment. In this case, alts will go up together.
For those whom are not enter BTC yet, I remommend to wait and enter afther this wave ends. After the wave, BTC price will return to the price which is 7% higher than current price, and it will be a new lowest point
Several alts rebound, but I think this movement is just for keeping upward trend as a preparation for stong rally of BTC. (In previous upward rally, price of alt coins who had increased before BTC rally decreased less than other alts. And rised again when BTC sidewaled.)
This is the point that strong price rise of BTC is expected, so that I want recomment short most of alt coints. I already sold most of alts when BTC price was around USD 9.4k. I don't think BTC will go down from current position. It may reach USD 10k within 2 days, and I expect the maxium short-term top point will be around USD 10,400. This value is the point that lots of trend and resistance lines are overlapped.
If there will not be a strong long force to reach 10.4k, a big green candle should appear because 10k is also a strong resistance point. And on downward, there are three strong supportive lines, 9.7k, 9.6k, and 9.4k, so we don't need to worry for that.
Add to this, if BTC goes above $10400, it could reach 12k without any big adjustment. In this case, alts will go up together.
For those whom are not enter BTC yet, I remommend to wait and enter afther this wave ends. After the wave, BTC price will return to the price which is 7% higher than current price, and it will be a new lowest point
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