thaitraderoficial
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UPDATE ANALYSIS #BTC 06/03 – 05:00
The turning point has begun! BTC is approaching the close, and we can already notice a strong rejection of lower prices from the last two red candles. This shows that buyers are positioning themselves for the game. AND OUR MOMENT MAY BE APPROACHING!
It didn't pull the crossover from the previous close to the lowest point (88-76), but it remained within 88, which is great. At this moment, there was an adjustment of the averages, so the closing rose to (95-86) which becomes our resistance and support.
In other words, it needs to work in this region, and as soon as buying strength enters, it will test 95.8, and if it breaks, it has to rise and march away from this price.
Resistance: 95.8 | 98.2
🚩Support: 86.8, if it loses this price, it will give a push down to 81.9. 🚨
WHAT DO WE NEED NOW?
We need to calmly wait for the CLOSING OF THIS LAST WEEKLY CANDLE to confirm the end of this cycle. The next candle, regardless of the price it starts at, needs to show buying volume to initiate the trend reversal. AND THEN IT WILL BE THE BIG MOMENT.
‼️ Obviously, a lot can happen, this Friday promises, with the SUMMIT AT THE WHITE HOUSE and the FED on the radar. ‼️
——— ALTSEASON
For Altseason to happen, BTC needs to rise A LOT, then lateralize, and only then does the distribution to altcoins occur, leading to surreal valuations.
—————
Like to help spread the word. When it hits 200 likes, I'll return with an update. 🚀
To strengthen the post, just click on the yellow ones 👇🏽🥷
$BTC
$ETH
$SOL
#GPSonBinance #bitcoin #BinanceAlpha #WhiteHouseCryptoSummit
The turning point has begun! BTC is approaching the close, and we can already notice a strong rejection of lower prices from the last two red candles. This shows that buyers are positioning themselves for the game. AND OUR MOMENT MAY BE APPROACHING!
It didn't pull the crossover from the previous close to the lowest point (88-76), but it remained within 88, which is great. At this moment, there was an adjustment of the averages, so the closing rose to (95-86) which becomes our resistance and support.
In other words, it needs to work in this region, and as soon as buying strength enters, it will test 95.8, and if it breaks, it has to rise and march away from this price.
Resistance: 95.8 | 98.2
🚩Support: 86.8, if it loses this price, it will give a push down to 81.9. 🚨
WHAT DO WE NEED NOW?
We need to calmly wait for the CLOSING OF THIS LAST WEEKLY CANDLE to confirm the end of this cycle. The next candle, regardless of the price it starts at, needs to show buying volume to initiate the trend reversal. AND THEN IT WILL BE THE BIG MOMENT.
‼️ Obviously, a lot can happen, this Friday promises, with the SUMMIT AT THE WHITE HOUSE and the FED on the radar. ‼️
——— ALTSEASON
For Altseason to happen, BTC needs to rise A LOT, then lateralize, and only then does the distribution to altcoins occur, leading to surreal valuations.
—————
Like to help spread the word. When it hits 200 likes, I'll return with an update. 🚀
To strengthen the post, just click on the yellow ones 👇🏽🥷
$BTC
$ETH
$SOL
#GPSonBinance #bitcoin #BinanceAlpha #WhiteHouseCryptoSummit
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.