MU_Traders
--
$BTC Crash Up To $74K Is Still Valid
Yes you heard right. $BTC can still crash up to $74K. Here is why?
In last analysis we discussed BTC will range and provide upward spike up to $86K zone after that it will crash. Now you can check it ranged for a time created liquidity on both sides, provided upward spike and dumping now. It is past now let's discuss what #BTC can do next. We only demand one thing from you READ ARTICLE FULLY AND AT THE END IF YOU FIND IT HELPFUL THEN LIKE IT AND SHARE WITH YOUR FRIENDS. In today article we are going to share following four topics with you:-
🔸 Fundamental Analysis Of BTC
🔸 Technical Analysis Of BTC
🔸 Psychological Effects
🔸 Personal Opinion
Fundamental Analysis :-
If we look fundamentally recently two events happened Digital Asset Summit and FED interest rate decision. First we will discuss Digital Asset Summit.
If we look on trump speech in this summit he did not say anything much bullish or bearish that can dump or pump market. But President Trump's Executive Director of Digital Assets said:-
Bitcoin is digital gold and should be treated as such.
Here is reference image of that statement:-
That is bullish to an extent but not much bullish that can pump #bitcoin while it is in bearish structure. So we will ignore both digital asset summit and this statement for short term. Now let's move forward to FED Rate Decision.
I was expecting FED Rate cut around 50 Bps but it did not happened. Nor bullish nor bearish because market was expecting no change. If we look on his statement that can effect BTC price, he stated to things:-
Quantitative Tightening (QT) Slow DownTrump Tariffs are Increasing Inflation
If we look on first statement quantitative tightening that is bullish for both crypto and forex market. QT slow down means government will reduce selling of US bonds. That is bullish....
On same side his second statement is bearish for market. If we look combinedly on both statement it is showing that state is becoming strong due to of tariff that is why Powell said QT slow down. Basically tariff is impacting positively on State that can increase rate cut probability in upcoming months once he decrease tariffs. In this way first they will earn money once they will reduce tariff inflation will also decrease in this way rate cut probability will increase.
In short words fundamental analysis is bullish in long term. Now let's discuss Technical Analysis.
Technical Analysis:-
If we look technically #Bitcoin❗ is rejecting from resistance after providing fake out as shown in below given image:-
As we discussed in last article BTC is just ranging to create liquidity on both upper and lower side. After creating liquidity BTC spiked up to grab upper side liquidity over the resistance also. After sweeping this liquidity it is moving toward its final destination that is $73,600 & $74,450. That is dual core support level in 1D TF. I will try to attach another image in which this support level in 1D TF will be marked.
Look at above $BTC 1D TF chart, in bearish trend, first FVG that BTC created before mega rally marked with Black Rectangle with blackish shade. It will act as a support area also last high is falling in this zone so it will act more stronger. A common region is marked with two horizontal green lines that can act as main support.
Note:- $74K area I strong support area not a buying area. We will use some confirmations before buying. These confirmations can be buying strength, a shake out or something else. Once we get confirmation we will share that I am buying.
In short words Technical Analysis is bearish and indicating another crash up to $74K level.
Psychological Effects :-
If we look current market scenario Psychologically everyone is bullish after FED decision about QT. Also Trump statements everyday are making people bullish like America will be crypto capital, BTC is digital gold, market will pump too much like never before. In my opinion all these statements are just to make people bullish and than dump market.
Also if we look on traders opinion that they share in comment box are showing they are scare from dump. They are saying why I am bearish, BTC will not go to $74K even some are abusing. As market always trap such people so most probably market dump one time again and that dump can go up to $74K. $74K is a level from where people will start seeking $50K level and market can surprise them by creating bottom around $74K. Wick can go even lower like $70K or $68K but we are expecting a bullish candle closing around $73K to $74K.
Personal Opinion:-
Everyone can analyze above things and can share but main thing that will matter is that what I am going to do personally? Here is what I am going to do with my own portfolio 😌:-
As you can see in above image I am totally in stable coins and not holding anything else. Mean just waiting for dump to buy nothing else. I have already called out to sell at $85K that we bought around $76K and $78K. So, at the moment just wait for dump up to $74K and start buying if market show bottom in signs there. I will inform you once I start buying personally too. I will focus on Layer1 projects mainly in upcoming dump they can perform better in next leg up.
If you find this article helpful then don't forget to like, share, comment and repost.
In last analysis we discussed BTC will range and provide upward spike up to $86K zone after that it will crash. Now you can check it ranged for a time created liquidity on both sides, provided upward spike and dumping now. It is past now let's discuss what #BTC can do next. We only demand one thing from you READ ARTICLE FULLY AND AT THE END IF YOU FIND IT HELPFUL THEN LIKE IT AND SHARE WITH YOUR FRIENDS. In today article we are going to share following four topics with you:-
🔸 Fundamental Analysis Of BTC
🔸 Technical Analysis Of BTC
🔸 Psychological Effects
🔸 Personal Opinion
Fundamental Analysis :-
If we look fundamentally recently two events happened Digital Asset Summit and FED interest rate decision. First we will discuss Digital Asset Summit.
If we look on trump speech in this summit he did not say anything much bullish or bearish that can dump or pump market. But President Trump's Executive Director of Digital Assets said:-
Bitcoin is digital gold and should be treated as such.
Here is reference image of that statement:-
That is bullish to an extent but not much bullish that can pump #bitcoin while it is in bearish structure. So we will ignore both digital asset summit and this statement for short term. Now let's move forward to FED Rate Decision.
I was expecting FED Rate cut around 50 Bps but it did not happened. Nor bullish nor bearish because market was expecting no change. If we look on his statement that can effect BTC price, he stated to things:-
Quantitative Tightening (QT) Slow DownTrump Tariffs are Increasing Inflation
If we look on first statement quantitative tightening that is bullish for both crypto and forex market. QT slow down means government will reduce selling of US bonds. That is bullish....
On same side his second statement is bearish for market. If we look combinedly on both statement it is showing that state is becoming strong due to of tariff that is why Powell said QT slow down. Basically tariff is impacting positively on State that can increase rate cut probability in upcoming months once he decrease tariffs. In this way first they will earn money once they will reduce tariff inflation will also decrease in this way rate cut probability will increase.
In short words fundamental analysis is bullish in long term. Now let's discuss Technical Analysis.
Technical Analysis:-
If we look technically #Bitcoin❗ is rejecting from resistance after providing fake out as shown in below given image:-
As we discussed in last article BTC is just ranging to create liquidity on both upper and lower side. After creating liquidity BTC spiked up to grab upper side liquidity over the resistance also. After sweeping this liquidity it is moving toward its final destination that is $73,600 & $74,450. That is dual core support level in 1D TF. I will try to attach another image in which this support level in 1D TF will be marked.
Look at above $BTC 1D TF chart, in bearish trend, first FVG that BTC created before mega rally marked with Black Rectangle with blackish shade. It will act as a support area also last high is falling in this zone so it will act more stronger. A common region is marked with two horizontal green lines that can act as main support.
Note:- $74K area I strong support area not a buying area. We will use some confirmations before buying. These confirmations can be buying strength, a shake out or something else. Once we get confirmation we will share that I am buying.
In short words Technical Analysis is bearish and indicating another crash up to $74K level.
Psychological Effects :-
If we look current market scenario Psychologically everyone is bullish after FED decision about QT. Also Trump statements everyday are making people bullish like America will be crypto capital, BTC is digital gold, market will pump too much like never before. In my opinion all these statements are just to make people bullish and than dump market.
Also if we look on traders opinion that they share in comment box are showing they are scare from dump. They are saying why I am bearish, BTC will not go to $74K even some are abusing. As market always trap such people so most probably market dump one time again and that dump can go up to $74K. $74K is a level from where people will start seeking $50K level and market can surprise them by creating bottom around $74K. Wick can go even lower like $70K or $68K but we are expecting a bullish candle closing around $73K to $74K.
Personal Opinion:-
Everyone can analyze above things and can share but main thing that will matter is that what I am going to do personally? Here is what I am going to do with my own portfolio 😌:-
As you can see in above image I am totally in stable coins and not holding anything else. Mean just waiting for dump to buy nothing else. I have already called out to sell at $85K that we bought around $76K and $78K. So, at the moment just wait for dump up to $74K and start buying if market show bottom in signs there. I will inform you once I start buying personally too. I will focus on Layer1 projects mainly in upcoming dump they can perform better in next leg up.
If you find this article helpful then don't forget to like, share, comment and repost.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.