$BTC
Be careful with new longs tho 65.6k is a resistance . We should expect $BtC to be range bound for few days to a week . I’ll be closing all daily longs shortly .
The next major resistance is a bearish order block with FVg at 68k . We can’t expect $BTC to hit that level anytime soon .
If it rejects now , everyone would short , you think Market makers would make it that easy . No !
#Bitcoin - Still think we break and close below $60k to get another round of panic sellers gone. People probably still holding thinking support is holding. We need to break them first. Then we can get a hate halving rally.
Maybe something like this on $ETH over the next few weeks.
Hard to ignore some major support was lost. Few confluence points on $ETH would be around that $2,500 area.
-$2,503 nPOC level
-Lower GP Fib on sequence
Thinking markets really slow post halving.
$BTC - Halving sell the news scenario. $BTC may be repeating the same pattern as Dec-2023 to Jan-2024. Halving could be a similar event as Spot ETF approval and may have similar effects. Position yourself accordingly. In this case #Altseason top further delayed till mid July-24.
#Crypto - Total marketcap coming to a decision time. Would be awesome to just see it break up here and run straight to 3 trillion (best case). Still think it won't be straight forward and will shake people out before we eventually go higher. Not every month can be like February.
#BTC Price Targets
QUOTE ME!
Minimal Target by the end Oct 2025 = $99,250
Maximum Target by the end Oct 2025 = $238,900
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ugh, well i was really hopeful that the next move was going to be a push to ATH but we have a pretty clean 5 wave decline now on hourly.
ill be selling the next bounce and derisking until the larger picture becomes more clear.
#btc
#Bitcoin still follows the plan.
The area at $49K has to hold to prevent further corrections. If that is lost, I'm looking at $45.5K area.
Holding $49K and another test of $52K is likely to happen in which a breaker towards $55K is on the tables.