bG updates the chart situation earlier so that everyone doesn't get anxious. Later, I will post about last night's meeting. The "images" have been done since 8 AM today, but bG went to work, so I couldn't write it yet.
💥 Yesterday, our big brothers still haven't gone through the target, and today there is still pressure after being rejected at resistance and turning down.
- Now there may be a technical rebound because it is oversold, H4 has a hidden bullish divergence but needs to break above 116 with good volume --> to clearly confirm bullish and possibly recover.
- bG has also mentioned that when reversing, it is always necessary to form new breakout patterns (V shape/double bottom/inverse H&S), so if there are no signs yet, there is no hope.
--->>> Of course, the job of MM is to trap, so there is always a format similar to the patterns to "deceive". Therefore, it's extremely important to stay alert and patiently stick to the resistance and support price levels, and not to be subjective.
💥 If it cannot break the resistance, it will continue to turn down to test the bottom at 114.3, and it may even go deeper if there is no buying support. So prepare your mindset:
- currently there is the level of 113.5 (---> it may go back to 112.8-111.9)
- currently there is 4165-4050 (---> it may go back to 3900)
--->> Still: bG will update when there are enough signs of reversal. If not, it means the price can still run to the edge.
💥 BTC.D is rising, unfavorable for alts as bG noted yesterday. but it hasn't broken through 4160 and there was a false breakout at 4150, so there is still hope for alts to be stable 😆
💥 The D1 frame of BTC needs to close the candle above 114.6, otherwise it will enter a downtrend.
💥 Discipline, good capital management, avoid fomo.
💥 Personal opinion, not investment advice. The market this season is extremely sensitive, prioritize short-term to limit risks, everyone!!!
--- Love all ---
💥 Yesterday, our big brothers still haven't gone through the target, and today there is still pressure after being rejected at resistance and turning down.
- Now there may be a technical rebound because it is oversold, H4 has a hidden bullish divergence but needs to break above 116 with good volume --> to clearly confirm bullish and possibly recover.
- bG has also mentioned that when reversing, it is always necessary to form new breakout patterns (V shape/double bottom/inverse H&S), so if there are no signs yet, there is no hope.
--->>> Of course, the job of MM is to trap, so there is always a format similar to the patterns to "deceive". Therefore, it's extremely important to stay alert and patiently stick to the resistance and support price levels, and not to be subjective.
💥 If it cannot break the resistance, it will continue to turn down to test the bottom at 114.3, and it may even go deeper if there is no buying support. So prepare your mindset:
- currently there is the level of 113.5 (---> it may go back to 112.8-111.9)
- currently there is 4165-4050 (---> it may go back to 3900)
--->> Still: bG will update when there are enough signs of reversal. If not, it means the price can still run to the edge.
💥 BTC.D is rising, unfavorable for alts as bG noted yesterday. but it hasn't broken through 4160 and there was a false breakout at 4150, so there is still hope for alts to be stable 😆
💥 The D1 frame of BTC needs to close the candle above 114.6, otherwise it will enter a downtrend.
💥 Discipline, good capital management, avoid fomo.
💥 Personal opinion, not investment advice. The market this season is extremely sensitive, prioritize short-term to limit risks, everyone!!!
--- Love all ---
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
112,167.57
-1.94%
ETH
4,612.58
-3.86%
