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Bitcoin BTC price analysis. Why you should be careful ?!

P_S_trade Updated   
WHITEBIT:BTCUSDT   Bitcoin / Tether US
The situation in the cryptocurrency market is interesting, as the whole world is watching with fear how American banks are "cracking" - the BTCUSDT price is growing rapidly, and these altcoins are trying to keep up.

We described our main scenario of BTCUSDT price movement and the calendar of "important events" until April 2023 here:

Today we want to share with you our "wave analysis" estimations.
The market is currently at a stage where there is a certain dissonance between the news background and price movements. Therefore, it should be clearly understood that now, and in principle always, we are trading "probabilities", the risks of which are controlled by stop orders!

The golden rule of trading: "The sooner you recognize your mistake, the less you will pay for it from your deposit."

Well:
  • We assume that the rapid growth of the BTCUSDT price requires correction. We assume that it is still possible for the BTC price to rise to $26790 today/tomorrow.
  • Then we can expect an equally rapid drop in the BTCUSD price, at least to $21000-21500. Accordingly, we will place the first pending orders to buy BTC and altcoins according to this assumption.
  • In our opinion, it is in the range of $21000-23000 that the trend of the crypto market price movement for April 2023 will be decided, but we will talk about this in our next ideas.

We are ready for a constructive discussion on wave analysis and the prospects of the crypto market in the comments below the idea. After all, it is in the discussion that the truth is born.
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Comment:
Total crypto market capitalization is moving well in line with the fractal and has good prospects until 2025
Comment:
If you look at the global chart, the fractal tells us that it's time for a correction.
A prolonged consolidation is also possible

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