AFTER BTC DROP, WHAT IS THE TREND?
Bitcoin (BTC) experienced an unexpected drop influenced by various market trends from regions like Japan and the Middle East. Previously, BTC was on a promising trajectory, with expectations to reach the $74,000 mark. However, it began to decline with increased injection volume, leading later to an unexpected significant breakdown by the real breakdown trend. even though we did expect on that data that BTC has a high chance of targeting 74K, it did not happen.. on this you can see that TA is not all, to see the trends 100% there should be 24/7 live follow since things can change unexpectedly on the right time. we did know that 62K was a level where the cycle would break in red with time frame.. but there was more..
What is the trend now?
If BTC can recover and enter the $60,000 range again, it will signal a positive trend,. A rise to $67,000 would confirm that BTC's price could trend even higher.
The $58,000+ range is particularly interesting, as it could show some positive short-term upward momentum for BTC.
We checking out for a new uptrend first low time frame confirmation if BTC can target 58K and stay there at last for 6h+ time frame
BTC should hold this trend of recovery, and if it keeps going there is a chance it can target 58K followed by 60K again.
BTC has shown since today a positive effect in being able to recover from the 49k zone.
We are checking out if BTC can target 58K coming time frames.
Trading can be very risky. Always manage your risk and trade only according to your plan.
What is the trend now?
If BTC can recover and enter the $60,000 range again, it will signal a positive trend,. A rise to $67,000 would confirm that BTC's price could trend even higher.
The $58,000+ range is particularly interesting, as it could show some positive short-term upward momentum for BTC.
We checking out for a new uptrend first low time frame confirmation if BTC can target 58K and stay there at last for 6h+ time frame
BTC should hold this trend of recovery, and if it keeps going there is a chance it can target 58K followed by 60K again.
BTC has shown since today a positive effect in being able to recover from the 49k zone.
We are checking out if BTC can target 58K coming time frames.
Trading can be very risky. Always manage your risk and trade only according to your plan.
Note
that The trend is able to recover from 49K to 55K in the very short term, gives that the interest for BTC is still there. 58K is the first confirmation.Note
BTC recovery step by step back to the trend.
58K will stay an important key level when BTC is able to target it.
Note
BTC still holding the trend since the correction
Note
I don't see the reason why BTC can't go back to 60K soon
BTC has a good chance to return to the 60k area since long-term whales are all active and holding, the top whales are almost not changed by normal holding.
Note
Note
58K price action confirmation can return BTC back up 60K
BTC already has the first confirmation on a low time frame.. we follow the trend
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ALL UPDATES ARE NOT TRADING ADVICE AND ONLY SCENARIOS ALL is POSSIBLE IN MARKET
THE GOAL IN TRADING IS Following the plan and CONSISTENCY.
ALL UPDATES ARE NOT TRADING ADVICE AND ONLY SCENARIOS ALL is POSSIBLE IN MARKET
THE GOAL IN TRADING IS Following the plan and CONSISTENCY.
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