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"Bitcoin · The Correction Is Over 📈📊
$BTC: $110,261.99 (+0.96%)
BTCUSDT Perp: $110,200 (+0.9%)
Join me for an analysis of the current market trends! 🌟
Two key signals suggest the retrace/correction is nearing its end:
1️⃣ Duration of Retrace: The current retrace has lasted 8 candles, compared to 6 candles in the previous retrace (May-June). Given the market's bullish trend, this could indicate we're near the end.
2️⃣ Support Levels: Bitcoin continues trading above $100,000, with the next major support zone at $102,000 still untested. Low trading volume also suggests a lack of strong selling pressure, with the biggest volume bar after the previous correction's low being a bullish day.
The bulls seem to have the upper hand, and with the altcoin market in consideration... the best might be yet to come! 🚀 Namaste. #SaylorBTCPurchasf e #RedSeptember r #TrumpTariff s
BTCUSDT Perp: $110,200 (+0.9%)
Join me for an analysis of the current market trends! 🌟
Two key signals suggest the retrace/correction is nearing its end:
1️⃣ Duration of Retrace: The current retrace has lasted 8 candles, compared to 6 candles in the previous retrace (May-June). Given the market's bullish trend, this could indicate we're near the end.
2️⃣ Support Levels: Bitcoin continues trading above $100,000, with the next major support zone at $102,000 still untested. Low trading volume also suggests a lack of strong selling pressure, with the biggest volume bar after the previous correction's low being a bullish day.
The bulls seem to have the upper hand, and with the altcoin market in consideration... the best might be yet to come! 🚀 Namaste. #SaylorBTCPurchasf e #RedSeptember r #TrumpTariff s
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