- Trump imposes a 104% tariff in retaliation against China, causing $BTC to retest the bottom on H4. It's like when he punishes his subordinates, saying "I will punish you with exactly 3 strikes, okay".
- However, the downward momentum when $BTC returns to test the bottom is not strong, so from my perspective, the 74k area is likely to support the price and bounce back. (Or if a false breakout occurs below 74k, activating a bullish divergence on H4, then the recovery momentum will be stronger)
- In general, I still lean towards the scenario that the 74k price area will support the price of $BTC and it is likely to recover to the 80k area. So you all can consider going long on BTC around the old bottom on H4.
#Binance #BTC☀️
- However, the downward momentum when $BTC returns to test the bottom is not strong, so from my perspective, the 74k area is likely to support the price and bounce back. (Or if a false breakout occurs below 74k, activating a bullish divergence on H4, then the recovery momentum will be stronger)
- In general, I still lean towards the scenario that the 74k price area will support the price of $BTC and it is likely to recover to the 80k area. So you all can consider going long on BTC around the old bottom on H4.
#Binance #BTC☀️
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BTC
94,944.42
-0.15%
