The 1W chart of BTC is still bullish, similar to the 1D candle which is still adjusting to the strong support in the range of 113k5-115k5 as I mentioned last week.
However, looking at H4, it seems that BTC still wants to drop to the 113000$ area, and it may even pull back a wick to the 112.800$ area to take liquidity and kill Long & large margin orders here.
As I have clearly pointed out in the past few days, this is not the time to Long or short, and I am not calling any long or short orders. By now, I’m sure you all understand the reason why.
Just hold Spot, wait for a rebound. Those who went in full spot should sit still without any worries, buying when I called on July 5-10 will take a long time to break even. As for those who bought around July 16-25, they are currently down a little; if there are still USDT, please buy the last bit for me.
The last 3 days of this weekend, I assess as "THE FINAL DECLINE" and an opportunity for us to accumulate altcoins in preparation for the next market PUMP, okay everyone.
Stay calm; during a bullish wave, there is always a bearish wave of 15-25% to kill margin and large futures orders.
