Bullish Correction: What's next?

1 Nov 2024

🤖🚀 Bitcoin’s Bullish Correction: What’s Next on the Chart? 💡📈

Hey everyone! Time to check in on Bitcoin’s latest move. Yesterday, while U.S. markets stumbled, Bitcoin gave us a corrective dip, but in a bullish context! Here’s what I’m seeing in the charts:

Bitcoin Analysis
Support Reclaimed: Bitcoin dipped to revisit its previous breakout levels, securing support at $69,579.
Next Target: If BTC can hold steady or push up from here, I’m watching $72,000 as the next test. If momentum carries it further, my projection is $79,000 for a potential new high.
Key Levels: Current support at $69,600, with a fallback to $65,670 if the trend doesn’t hold. Overall, my stance remains bullish, but remember fundamentals—U.S. elections, Middle East tensions, and today’s NFP data—can add volatility.
Bitcoin Dominance
BTC dominance is nearing a significant resistance point, and I’m 90% confident it could retrace from here. It didn’t quite trigger my alert, but with the NFP data release, we might see a quick spike before rejection.

Ethereum & Solana
Ethereum: Testing the waters at 0.058 BTC with a strong structure forming. I see room for a breakout toward $3,634, with support solid at $2,398.
Solana: At all-time highs but primed for a pullback, especially with the new competitor SUI entering the market. SUI’s levels are worth watching around $1.80 for a long, with psychological markers at $2 and $3.
Final Thoughts
Patience is key—these levels are guiding us, but the market may retest support before new highs emerge. Stick to the plan and keep a cool head in these moves!

One Love,
The FXPROFESSOR 💙

6 Nov 2024

Dagangan aktif

Only accelerating now, off to 79k (as called from 18)