So it seems we are on track with this plan. MM is hitting hard. Let's see how it goes with PCE on 29/8 coming up.
It's really intense.
$BTC as viewed in 3D, it is difficult to avoid BTC closing with a red candle.
The nearest support is the range of 112,000-111,000
Main support is at 105,600 (if support at 105,000 is lost, BTC may face a sell-off as this is the area where whales and market makers invest to secure profits, and it can trigger liquidation orders causing panic)
Currently, BTC
is forming a double top and double bottom, one of the two patterns will determine whether to break resistance or reverse.
Today, the admin mentioned that there will be a quite important conference. This conference may serve as a basis to find trend points for the future, including the direction of policy frameworks.
Currently, BTC is trading below MA7 at around (115,700) and EMA5 at about (115,000), indicating a downward trend on the 1D view.
The admin leans towards a downward trend according to the 1D and 3D views for BTC.
And BTC dominance is also seen decreasing, so it is certain that BTC will struggle to rise.
If BTC dominance decreases, it does not necessarily mean that money will flow entirely into altcoins. It may be wise to hold a wallet to observe for bottoming BTC or wait for attractive charts of individual altcoins to trade.
The slow scenario is around the end of the month (28-1), while the fast scenario is around 26-27-28.
The admin leans towards targeting the 105,000 range.
The admin also sees this as a normal adjustment when BTC has a new peak at 124,500.
All predictions are based on charts and the admin's objective view.
Not accounting for volatile data.
Such as the upcoming announcements from the Fed or geopolitical instability. Please do not take this as investment advice.
Closing weekly above 118,000 or below 114,000 is quite important. If BTC can reclaim the range of 116,400-116,500, it may reverse the situation and advance towards resistance at 119,000
The nearest support is the range of 112,000-111,000
Main support is at 105,600 (if support at 105,000 is lost, BTC may face a sell-off as this is the area where whales and market makers invest to secure profits, and it can trigger liquidation orders causing panic)
Currently, BTC
is forming a double top and double bottom, one of the two patterns will determine whether to break resistance or reverse.
Today, the admin mentioned that there will be a quite important conference. This conference may serve as a basis to find trend points for the future, including the direction of policy frameworks.
Currently, BTC is trading below MA7 at around (115,700) and EMA5 at about (115,000), indicating a downward trend on the 1D view.
The admin leans towards a downward trend according to the 1D and 3D views for BTC.
And BTC dominance is also seen decreasing, so it is certain that BTC will struggle to rise.
If BTC dominance decreases, it does not necessarily mean that money will flow entirely into altcoins. It may be wise to hold a wallet to observe for bottoming BTC or wait for attractive charts of individual altcoins to trade.
The slow scenario is around the end of the month (28-1), while the fast scenario is around 26-27-28.
The admin leans towards targeting the 105,000 range.
The admin also sees this as a normal adjustment when BTC has a new peak at 124,500.
All predictions are based on charts and the admin's objective view.
Not accounting for volatile data.
Such as the upcoming announcements from the Fed or geopolitical instability. Please do not take this as investment advice.
Closing weekly above 118,000 or below 114,000 is quite important. If BTC can reclaim the range of 116,400-116,500, it may reverse the situation and advance towards resistance at 119,000
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
110,024.13
-2.17%
