If you have followed me long enough, you will know the accuracy of my warnings. I do not help you achieve 100% profit, but I will help you reduce the risk for your account.
BTCVN4
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🔥 Warning: BTC Hot Alert 2, the possibility of BTC dropping to 62~65k is very close.
For those who haven't seen the previous warning, check below: Cảnh báo BTC
Based on weekly and monthly data, it is highly likely that BTC will sweep the bottom one more time soon. Because: 1. Monthly Frame Price is touching the monthly EMA200 ~68k • This is a very strong support area of the cycle • Previously, BTC broke through the monthly EMA20 and EMA50 → confirming a medium-term correction phase The monthly RSI is dropping towards the 30–35 area → approaching the oversold area • The monthly MACD is narrowing strongly → there may still be one more push down at the end
2. Weekly Frame The weekly EMA20 has been lost • The weekly EMA50 is around 64k–66k • The weekly EMA200 is even lower (in the 50k–55k area)
Currently: • Weekly RSI ~30 • Weekly Stoch RSI is nearing the bottom
👉 This indicates: BTC is in the final panic phase of the correction wave, no longer in the peak distribution phase, usually in this phase will sweep one more painful move. I have been in the market for over 8 years and have not seen an exception.
3. 4h Frame MACD has started to narrow negatively Volume is gradually decreasing → selling pressure is diminishing It will usually retest.
🔥 Therefore, the possibility of BTC dropping to 62~65k is very close. This may just be a sweep and then a quick rebound.
👉 Advice to avoid risks for everyone 1. During this time, only short small, with small volume 2. Can long long but remember to set proper stop-loss 3. Gradually enter spot positions
Remember, the market always has surprises, so be sure to set stop-loss.
Good luck everyone I will update when there are changes #Bitcoin❗ #BinanceSquareFamily #BinanceVietnamSquare @Binance Square Official $BTC