After the Black Swan, BINANCE:BTCUSDT went down, wiping out tons of positions. As we can see, the market is continuing to move downward, even though there are a there are a couple of days left until the halving. It could be two scenarios. First, take liquidity below the key level of 60K, then move upwards. The second scenario is sweeping the local highs and lows because the market right now is building an expanding triangle. Generally, any pullback is healthy for the market as a whole. I expect the market to move down to retest the recenet support level. My goal is a key level at 60000.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
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BINANCE:BTCUSDT market overall is moving sideways. It did go down but did not touch the key 60K level. On the monthly timeframe, the market is approaching the March lows. I think the market might push down to these levels. The support zone at 60K and 61K has held price for two months now. It was basically tested three times. I think the market may move lower because, if you look at the price action, you can see that the market is pulling back, then breaking through it, forming an impulse move. I expect the price to retest the key level or even lower. My goal is resistance at 60500.00
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I think the market is in the "calm before the storm" stage. BINANCE:BTCUSDT has been moving sideways on the 4H timeframe for almost a month. And this situation, of course, creates FUD in the market. There is a possibility that we might see a sell-off before halving. This event has a positive impact on bitcoin, but only in the short and long term. The market could potentially move lower, breaking the key 60K level, which will result in shaking out weak hands. I expect the market to move down and retest the support level. My goal is a key support level at 60 000
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The price of bitcoin went down as predicted and hit the TP 😀