When the traditional market collapses severely, Bitcoin is expected to decline to avoid margin calls. This rise is merely a flight of liquidity from the markets, and the evidence is that alternative currencies are rising modestly.
Ploto 1
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💠 First: Why did Bitcoin suddenly rise $BTC ?!
I didn't notice that the Chicago Exchange started buying, so I didn't find a real reason other than the USDT acquisition index... Its decline mostly means an increase for Bitcoin and vice versa.
💠 Second: Did we miss the opportunity?!
Certainly not 😅 If the rise is real, what will happen?! Will it continue to rise to a new historical peak or will it test the level of 81 / 79 thousand again?! Yes, it will retest the supports below, and at that time we will enter with confidence.
💠 Third: If you didn't wait and want to buy and seize the opportunity, I will give you a number; if Bitcoin reaches it, you should buy at that time, which is 88,820... Just reaching this number means canceling the pattern of descending peaks and troughs and rising to 92 thousand, and from there it will decline again.
🌧️ My personal suggestion: I will not enter FOMO (fear of missing out) as long as Bitcoin has not reached 88,820... Just reaching this number, at that time we will enter, and the target is 92 thousand, then we wait for its decline to 81 thousand dollars.
💠 Will it drop to 81 / 79 thousand in all cases, whether it is a real or a fake rise?! Yes 🤍
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