BTC/USDT Updated Market Outlook for This Week: What to Expect?

12 août 2024

In my previous analysis, I expected BTC to bounce after retesting $60,000. However, after observing the price action, I announced that I would close the trade manually at breakeven at $61,000. Now that we have a new weekly close, I'm expecting the price action to create a wick around $54,000-$56,000 before closing around $58,000 to end this week. I'm looking to enter BTC this week around $54,000-$56,000.

Expect a red candle this week and a green candle next week after a new base around $58,000 is created. CPI is coming up this week, so there's that.

PREVIOUS ANALYSIS :
https://www.tradingview.com/chart/BTCUSDT/kShl6Vp0-BTC-USDT-Reclaimed-60K-as-we-wanted-to-see-What-is-Next/

16 août 2024

Note

BTC hits 56K, and the market is moving in our direction. Let's keep an eye on the $ 54K-$ 56K range for potential entry opportunities. However, there's a chance we might not get it, as I expect this week to close around $58,000.