Yes, Bitcoin can also do this - next move to watch out

11月3日

1️⃣ Bitcoin is retracing to its 60-day low, giving risk-takers a chance to enter the market’s next leg up right now 🪙.

No rush, wait patiently.

So, are we going to go up in November?

It all depends on the next 10 days. If Bitcoin can hold above $65,000–$66,000 while the 3-day indicator resets, it’ll be a prime opportunity to re-enter the market. If Bitcoin fails to hold that level, we may need to wait for the 1-week (red line) indicator to reset instead.

📈 Bitcoin has rallied 34% from September to November, hitting overbought on all cycle indicators. Just like in 2021, the 2-week cycle (light blue line at the bottom) indicates mid-term growth, while other indicators are beginning to retrace. 🔄

📉 If history repeats (and it might), the ideal re-entry will be when the 3-day indicator (violet line) dips below 20.

Let’s stop gambling and start making sustainable money in crypto.