As I previously stated in my
OTHERS,
BTC.D, and
TOTAL2 analysis — this move was expected. Check out my other ideas for more detailed breakdowns.
So, what’s happening?
Bitcoin maximalists have been buying heavily at the top, right when RSI and MACD were in overbought territory, creating a clear bearish divergence.
Something Saylor and others seem to ignore: you can't defy mathematics — what needs a correction will correct.
BTC still looks bullish on the weekly timeframe, so we’re not entering a bear market. However, the pump is over, key supports have broken, and altcoins are correcting — some by -25% in a single day.
Purely from a charting perspective, we can identify multiple potential support levels for
BTC:
$101K, $94K, $89K, $87K, with a lower-probability retest down to $75K.
We’re likely entering a 2-week correction, after which
BTC could resume its uptrend — potentially closing June at a new all-time high.
DYOR.
#Bitcoin #BTC #Altcoins #CryptoCrash #TechnicalAnalysis #BTCdominance #TOTAL2 #BearishDivergence #Saylor #RSI #MACD #ATH #DYOR
So, what’s happening?
Bitcoin maximalists have been buying heavily at the top, right when RSI and MACD were in overbought territory, creating a clear bearish divergence.
Something Saylor and others seem to ignore: you can't defy mathematics — what needs a correction will correct.
Purely from a charting perspective, we can identify multiple potential support levels for
$101K, $94K, $89K, $87K, with a lower-probability retest down to $75K.
We’re likely entering a 2-week correction, after which
DYOR.
#Bitcoin #BTC #Altcoins #CryptoCrash #TechnicalAnalysis #BTCdominance #TOTAL2 #BearishDivergence #Saylor #RSI #MACD #ATH #DYOR
交易進行
Bitcoin reached our first target. We are on track. Let see if the bulls will take control again, or if we go below to the next target that is 94k-95k免責聲明
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。