The #BTC is respecting the price below 91, and IT IS VERY IMPORTANT THAT IT CONTINUES IN THIS REGION (I explained in the previous post). On the daily chart, you can see that it is getting VERY close to the closure of the movement I mentioned earlier. However, in larger time frames, there is still a certain distance to this closure. And for now, the market has started to rebound again equally, which could lead to a bounce. 🥊
🚨 At this moment, the closure is below 84 - 78, changes may occur. I will be notifying.
WHY IS THE CLOSURE OF THIS MOVEMENT IMPORTANT? Only with this closure will we have the certainty of a bullish movement with amplitude. And there, buddy, liquidity in hand and rocket without brakes! For the NOVICES around here, it's worth reinforcing: we are waiting for the ALTSEASON event.
⚠️ ATTENTION: I am seeing some people saying that this “drop” was caused by geopolitical factors, planetary alignment, or some lost prophecy. I am amazed at how these people pull reasons out of thin air, without in-depth study, just to have an immediate answer. My God.
‼️Of course, cryptocurrencies respond directly to the macroeconomy, which, in turn, is also affected by geopolitics. WE ALWAYS TALK ABOUT THIS. So, it has its influence and importance, BUT, at this moment, it was pure MANIPULATION, just like what happened at the end of January. I signaled the movement as soon as it started on 01/20 and it intensified until 01/26, which had a huge impact on the market.
And, coincidentally (or not), again, on the same dates, we are seeing this same script. I have been warning for a while that BTC needed to liquidate down to 87/88 and that it would take the alts along before ALTSEASON happened. AND IT REACHED THE TARGET POINT, RIGHT?! In other words, it was something predicted, WHAT’S THE SURPRISE?!! It didn’t come out of nowhere! A total of $3 BILLION IN LIQUIDATION SO FAR, SOMETHING SURREAL FOR A SHORT TIME FRAME.
‼️The big players move the market this way because they need liquidity to operate on a large scale. They force sharp drops to liquidate leveraged positions and generate a flow of capital that allows new movements. This IS PART OF THEIR STRATEGY.
‼️Now, what does this have to do with altseason? EVERYTHING! For a true ALTSEASON to happen, the market needs extreme volatility. And, in this scenario, the drop of BTC is essential to redistribute liquidity and allow a new phase of price impulses. The stronger the correction and consolidation, the greater the chance of a big explosive movement in altcoins.
‼️This REGION that the market is in becomes very interesting for purchases. BUT HOLD ON! Just because it’s cheap doesn’t mean you should start buying like someone who sees a flash sale. The BTC has not yet closed the averages, so caution is advised. Now it’s up to you to decide: do you want to enter now or wait a little longer?!! (The analysis is in the previous post).
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