$BTC $BTC $BTC We are bullish! But pay attention
After hitting the low, as we predicted, we now have some important scenarios to consider because things are getting interesting.
We’re approaching a crucial level at $65,100 (38% Fibonacci retracement of the daily trend). Here are the possible outcomes:
1. The price breaks through this level, moves sideways, retests the level by falling back to confirm it as support, and then continues upward.
2. The price rises, but after a 4-hour or daily candle closes, profits are taken, and we see a drop.
3. Worst-case scenario: The price makes a double top at $66,500 and falls again.
4. Best-case scenario: The price breaks the previous high, and whether it retests $65,100 or not, it aims for the next target around $69,000.
What should we do? Wait for the candle closes to see how the price behaves.
If it breaks above $65,100 and holds that level, we can go long (buy).
If it falls below that level, we can wait for a test from below and if it gets rejected, we can go short (sell). (In both cases, remember to use stop losses.)
Today and the coming days are crucial. Let’s see what happens around this key zone.
Crypto Citizen signing off! If you want me to analyze another coin, just let me know.
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