BTC/USDT Trade Played Out Better Than We Expected! What's Next?

2024年7月16日

BTC/USDT played out better than we expected based on my previous analyses!

https://www.tradingview.com/chart/BTCUSDT/Xy9gXA33-BITCOIN-BULL-IS-NOT-OVER/

https://www.tradingview.com/chart/BTCUSDT/8szbSfdM-Bitcoin-Hits-63K-as-We-Predicted-Where-to-Next/

In my last analysis, the idea to expect a retracement from 63,000 to the 60,670 zone was valid only if the daily candle didn't close above 63K by much. However, Bitcoin closed at 64,700 today, so we need to adapt! The chance of Bitcoin retesting 60,670 is much lower now. However, our overall view is still the same! We'll just ride the trend and not go against it. If you are looking to enter any spot position, I'd suggest DCA entry from now. *NFA

2024年7月16日

註釋

MT. Gox just moved $2.99 billion worth of Bitcoin. I'm expecting a deeper retracement. It's possible we'll see the price moving to the 58K CME gap. I'm still expecting this month to close above 60,670. Let's see how the price action develops.