BTC short-term

I haven't done a short-term analysis for a long time.

👀I decided to show the key levels to watch, because the moment when it will be necessary to enter the market is coming soon.

💡If there are no new geopolitical upheavals, and I expect that there probably won't be any. I think we will go back over BMS and test the important 70k level this month.

Note

short-term analysis (update)

✅As I said, we did not see new geopolitical risks in the short term, and we reached the levels indicated earlier.

👀 Now we are starting to break the figure of the downward trend, at such a moment the number of short-term traders mainly increases, we can see this now because of the increased open interest, as well as liquidations.

‼ So, I would tell non-professional traders to be careful in short-term trades, because the market will beat traders in 2 directions.

💡Investors have nothing to worry about, we will soon overcome this zone of turbulence and enjoy the flight.

Note

short-term analysis (update)

👀Continuing to move sideways in this defined range. The political confrontation in the US is reaching its finale. We are seeing increased volatility in the dollar.

💡I would expect the movement to continue in this range until it becomes clearer who the favorite is. I think in 1-2 weeks we will go above this range.

Trade active

short-term analysis (update)

📝Uncertainty has disappeared from the markets. As I said in the last post, in a week we will go above this range, as soon as we find out the favorite. Which is what happened today.

💡Now we have broken through important resistance, and reached ATH, of course, after such optimism there are small pullbacks, but in general I am bullish in the long term.

Trade closed: target reached

Short-Term Analysis (update)

⚡️Bitcoin is at a new high. Just recently, in the last post, I suggested that by the end of the month, we would see a new high, as it has already happened, even faster than I expected.

📝What has changed in these two days is that the chance of the US authorities creating a Bitcoin reserve has increased (25% → 40%). Of course, this is a fundamentally important factor that can accelerate adoption and set an example for other countries.

💡Also, on the liquidity map, we have removed the main liquidity of short positions; there is still a little around 108-110k. This is not too much liquidity that would attract us, but considering the inflow of ETFs and the increase in the probability of accepting the reserve, it may have a positive effect in the near future. Also, remember to take profits because Bitcoin is already closer to the peak. We also invite you to our products for altcoins.

Note

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