BitcoinLong
forget 70k level, look out for this importanlevel to surpass...
As I mentioned in my previous analysis, I don’t care about reaching 70k; what matters to me is if it can break past the zone at $71,890.
Everyone is excited that BTC is back at 70k (myself included), but guess what happened next? The price touched my line at $71,890 and didn’t break through!
This is simply because I see more difficulty here, as it's a zone with a greater concentration of institutional orders and has historically been strongly rejected.
These last three candles give me the impression that the bear market is nearing its end, so keep a close eye on the upcoming week. But remember, it’s just an impression — the price is always trying to tell us something through its candles, and it’s our job to interpret it correctly.
Best regards, and let’s hope that’s the case!!
TRADE SAFE!
Everyone is excited that BTC is back at 70k (myself included), but guess what happened next? The price touched my line at $71,890 and didn’t break through!
This is simply because I see more difficulty here, as it's a zone with a greater concentration of institutional orders and has historically been strongly rejected.
These last three candles give me the impression that the bear market is nearing its end, so keep a close eye on the upcoming week. But remember, it’s just an impression — the price is always trying to tell us something through its candles, and it’s our job to interpret it correctly.
Best regards, and let’s hope that’s the case!!
TRADE SAFE!
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