Sunday. The end of the trading week.
So far, everything is developing roughly as I expected. Tomorrow or the day after tomorrow, the resolution should occur. Two scenarios are possible:
1️⃣ The most likely scenario
On Monday or Tuesday, in my opinion, a slight rebound upward - then a squeeze may occur in the range of 70–75. After that, I expect a quick recovery to 85, and closer to Thursday - a slow but steady growth.
2️⃣ Alternative scenario
A smooth, gradual drop to the same 70–75. This is approximately the average purchase price of Bitcoin by funds - it is unprofitable for them to push it significantly and for a long time below.
But in this case, a reverse growth is only possible at the end of February - mid-March.
As for me:
I have already fully formed my positions and am just waiting now. My main assets -
$ADA $AVAX $DOT . I understand that there will most likely be no profit fixation this year - but I am trading on spot, which means I can calmly wait out the cycle.
Summary for the weekend:
There was no special growth, so I expect a correction still on Monday. I will only count on growth after the squeeze to 70-75…
I remind you: everything above is just my reasoning.
I am not calling for anything. Always DYOR!
#Write2Earn #ADA #AVAX #dot #DumpandDump