Sorry, I made a small mistake. TP is 51k.
This is my updated view. We are in C wave. We'll see 50k soon.
These two sections (① , ②) have similar structure. BTCUSDT will go up to 58.5k and go down to 53k. This is not a financial advice :-)
BTCUSDT is inside the box (53 ~ 58.5k). the inside support zone (purple box) makes the situation to be a little bit complex. My strategy is short from 58k and long from 53k. :-) This is not a financial advice.
This is my updated view.
Based on the MA analysis, these two sections are very similar. - the local top would be 58.3 ~ 58.5k. - there would be a small correction * TP1. 55.2k * TP2. 53.2k
In my opinion, there would be a small correction.
I don't believe in that BTC will go up. Like ETC, BTC will go down within a short time.
BTCUSDT is inside the steep parallel channel (yellow channel). the target point is $61,517.36 (1.618 fibonacci).
BTCUSDT is inside steep triple parallel channels. When it touched the lower bound of the 2nd green channel last time, it had been rebounded and made a new local high. If the history would be repeated, it will touch 6,000 USD. This is not a financial advice. :-)
BTC/USDT perpetual futures 1H analysis. There are very interesting pattern.