Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this quick update on Bitcoin. First of all do not panic. In my previous update when BTC struggling below $60k I told you we will see a bounce from here and as you saw BTC bounced well and did a rally up to $64k.
So what now?
Now BTC taking some correction which is very important for a healthy bull run. Here at $61,800 BTC has a very strong support which is must hold by bulls and we may see a good bounce from here. As you know from past few days market is in extreme greed condition so this correction is just for flushing out some noobs who took high leverage positions.
If any 4hour candle closes below $61,800 then BTC might test $60k or even $58k. Keep in mind these resistances and play accordingly.
As soon as BTC stables Alts starts pumping. So IMO this is the right time to take entry into some good Alts. Soon I'll share some setups.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
This isn't financial advice. DYOR before investing.
Thank You!
Welcome to this quick update on Bitcoin. First of all do not panic. In my previous update when BTC struggling below $60k I told you we will see a bounce from here and as you saw BTC bounced well and did a rally up to $64k.
So what now?
Now BTC taking some correction which is very important for a healthy bull run. Here at $61,800 BTC has a very strong support which is must hold by bulls and we may see a good bounce from here. As you know from past few days market is in extreme greed condition so this correction is just for flushing out some noobs who took high leverage positions.
If any 4hour candle closes below $61,800 then BTC might test $60k or even $58k. Keep in mind these resistances and play accordingly.
As soon as BTC stables Alts starts pumping. So IMO this is the right time to take entry into some good Alts. Soon I'll share some setups.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
This isn't financial advice. DYOR before investing.
Thank You!
