Bitcoin (BTC) experienced an unexpected drop influenced by various market trends from regions like Japan and the Middle East. Previously, BTC was on a promising trajectory, with expectations to reach the $74,000 mark. However, it began to decline with increased injection volume, leading later to an unexpected significant breakdown by the real breakdown trend. even though we did expect on that data that BTC has a high chance of targeting 74K, it did not happen.. on this you can see that TA is not all, to see the trends 100% there should be 24/7 live follow since things can change unexpectedly on the right time. we did know that 62K was a level where the cycle would break in red with time frame.. but there was more..
What is the trend now?
If BTC can recover and enter the $60,000 range again, it will signal a positive trend,. A rise to $67,000 would confirm that BTC's price could trend even higher.
The $58,000+ range is particularly interesting, as it could show some positive short-term upward momentum for BTC.
We checking out for a new uptrend first low time frame confirmation if BTC can target 58K and stay there at last for 6h+ time frame
BTC should hold this trend of recovery, and if it keeps going there is a chance it can target 58K followed by 60K again.
BTC has shown since today a positive effect in being able to recover from the 49k zone.
We are checking out if BTC can target 58K coming time frames.
Trading can be very risky. Always manage your risk and trade only according to your plan.
What is the trend now?
If BTC can recover and enter the $60,000 range again, it will signal a positive trend,. A rise to $67,000 would confirm that BTC's price could trend even higher.
The $58,000+ range is particularly interesting, as it could show some positive short-term upward momentum for BTC.
We checking out for a new uptrend first low time frame confirmation if BTC can target 58K and stay there at last for 6h+ time frame
BTC should hold this trend of recovery, and if it keeps going there is a chance it can target 58K followed by 60K again.
BTC has shown since today a positive effect in being able to recover from the 49k zone.
We are checking out if BTC can target 58K coming time frames.
Trading can be very risky. Always manage your risk and trade only according to your plan.
Nota
that The trend is able to recover from 49K to 55K in the very short term, gives that the interest for BTC is still there. 58K is the first confirmation.Nota
BTC recovery step by step back to the trend.58K will stay an important key level when BTC is able to target it.
Nota
BTC still holding the trend since the correctionNota
I don't see the reason why BTC can't go back to 60K soonBTC has a good chance to return to the 60k area since long-term whales are all active and holding, the top whales are almost not changed by normal holding.
Nota
Nota
58K price action confirmation can return BTC back up 60KBTC already has the first confirmation on a low time frame.. we follow the trend
❤️Follow the channel For daily updates
ALL UPDATES ARE NOT TRADING ADVICE AND ONLY SCENARIOS ALL is POSSIBLE IN THE MARKET
🟡New telegram channel for free updates
t.me/SatochiTraderoriginal
ALL UPDATES ARE NOT TRADING ADVICE AND ONLY SCENARIOS ALL is POSSIBLE IN THE MARKET
🟡New telegram channel for free updates
t.me/SatochiTraderoriginal
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
❤️Follow the channel For daily updates
ALL UPDATES ARE NOT TRADING ADVICE AND ONLY SCENARIOS ALL is POSSIBLE IN THE MARKET
🟡New telegram channel for free updates
t.me/SatochiTraderoriginal
ALL UPDATES ARE NOT TRADING ADVICE AND ONLY SCENARIOS ALL is POSSIBLE IN THE MARKET
🟡New telegram channel for free updates
t.me/SatochiTraderoriginal
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.