IMBTCKING

Pessimistic Weekly Trend Speculation for Bitcoin!

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BINANCE:BTCUSDT   Bitcoin / TetherUS
Actually, when it comes to BTC, I personally lean towards a more pessimistic weekly trend prediction. Look at the red box in the chart, it's such an empty space! Can it really avoid dropping?

Furthermore, there's a point where the weekly trend line intersects, pointing towards the price of October 6th: 18234.18.

Also, the first support lies at 19549.09, correlating to the weekly trend on September 25th.

What's your take? Nonetheless, analysis is just analysis; let's stick to our mechanical trend strategy! Follow the trend and nothing else!

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