Hello my friends in Binance Square,
Let's talk a little about what's noticeable in Bitcoin 🧐
I was staring at the Bitcoin chart on the four-hour timeframe, and there's a specific scenario that's raising my questions. Do you know how the market sometimes loves to manipulate us? Well, this might be one of those scenarios. 🤔
What I see is a potential move where the price of Bitcoin could drop a bit to around $78,000. Think of it as a quick pit stop for refueling before a bigger journey. This level might be a return point for some buyers, a re-test if you will. It could even cause a jolt for some who jumped into buy positions too early. We need to keep ourselves alert, right? 😉
Now, after this potential drop, and perhaps a slight rebound around $80,000, here lies the point of interest. I wonder if we will see an actual move to surpass those higher levels, specifically the range of $94,000 to $96,000. 🚀
Why am I thinking this?
Well, in the world of cryptocurrencies, we often witness these fluctuations or slight deviations. Sometimes, the price might drop below a certain level just to attract some additional orders (liquidity, as experienced traders call it) before it starts its real move. This potential drop below the nearby control point (NPOC) might be just that. A quick drop to scare some, then suddenly! Off to those higher targets.
But hey, let's be realistic for a second:
* This is just an idea! The market can be a beast, and anything can happen.
* Risk is always present. Never risk more than you can afford to lose. Seriously.
* Get yourself ready! Don't follow random ideas on the internet (even my ideas!). Look at the charts yourself, research thoroughly, and make your own decisions.
So, what do you think? Did I understand something, or am I just seeing patterns in the clouds? Let's discuss in the comments! 👇
Stay safe and trade happily! We hope Bitcoin traders are about to take off! 🐂💪
Friendly reminder:
This is just my personal opinion on the market, not financial advice. Research thoroughly before making any trades!