Quick Assessment $BTC on August 7:
- Time Frame D: BTC had a good recovery yesterday from 113xxx - 115xxx. In this phase, I continue to prepare for the team members, and currently, there are signals for entering phase 2.
Today's D chart is still in a downtrend. The price has slightly decreased to the range of 114xxx. However, all time frames have shifted to an uptrend, so an increase in BTC price is only a matter of time.
Support: 114000 - 113500
Resistance: 115500-117000
- Time Frame D4: There are still 2 days left to close the D4 candle. BTC is still making efforts to increase in price to break away from the downtrend pullback. It is expected that BTC needs to close above the 117k range in this D4 candle to be successful.
- Time Frame W: It can be clearly seen that BTC has bounced back to the strong support area of the weekly frame (112xxx) and is currently increasing in price according to the uptrend of the weekly frame.
I predict that this week BTC will be positive, and there is a high possibility of a long price column next week.
=> Assessment:
- BTC will soon increase in price, pulling along the strong upward momentum of altcoins.
- Members should not short during this time, should long and combine DCA with a clear strategy for safety and a high chance of success. Don't let an uptrend lead to losses or account liquidation.
- My plan will be updated in detail in the TL.
Wishing everyone good luck!
- Time Frame D: BTC had a good recovery yesterday from 113xxx - 115xxx. In this phase, I continue to prepare for the team members, and currently, there are signals for entering phase 2.
Today's D chart is still in a downtrend. The price has slightly decreased to the range of 114xxx. However, all time frames have shifted to an uptrend, so an increase in BTC price is only a matter of time.
Support: 114000 - 113500
Resistance: 115500-117000
- Time Frame D4: There are still 2 days left to close the D4 candle. BTC is still making efforts to increase in price to break away from the downtrend pullback. It is expected that BTC needs to close above the 117k range in this D4 candle to be successful.
- Time Frame W: It can be clearly seen that BTC has bounced back to the strong support area of the weekly frame (112xxx) and is currently increasing in price according to the uptrend of the weekly frame.
I predict that this week BTC will be positive, and there is a high possibility of a long price column next week.
=> Assessment:
- BTC will soon increase in price, pulling along the strong upward momentum of altcoins.
- Members should not short during this time, should long and combine DCA with a clear strategy for safety and a high chance of success. Don't let an uptrend lead to losses or account liquidation.
- My plan will be updated in detail in the TL.
Wishing everyone good luck!
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
113,342.56
-2.13%
