Hello everyone! I would like to share some observations about the recent events in the BTC market. Over the past few days, we have noticed significant volatility. Just yesterday, long positions worth over 200 million dollars were liquidated. From a logical standpoint, after such a decline, a rise is expected. However, it's important to remember that the market is unpredictable, and various situations can occur.
Personally, I am still keeping an eye on long positions and believe that we may move upwards. On larger timeframes, a cup and handle pattern can be identified. According to textbook analysis, when the price breaks out, it could potentially increase by the full depth of the cup, which is 100%. Of course, I'm not that optimistic.
I have set a target of 36,000 dollars, which I believe is achievable in the near future. I understand that reaching the target may not happen immediately, and our path may not be smooth. It's important to be cautious and analyze the market with understanding. Wishing everyone success in trading!
#crypto #BTC #analysis #trading
Personally, I am still keeping an eye on long positions and believe that we may move upwards. On larger timeframes, a cup and handle pattern can be identified. According to textbook analysis, when the price breaks out, it could potentially increase by the full depth of the cup, which is 100%. Of course, I'm not that optimistic.
I have set a target of 36,000 dollars, which I believe is achievable in the near future. I understand that reaching the target may not happen immediately, and our path may not be smooth. It's important to be cautious and analyze the market with understanding. Wishing everyone success in trading!
#crypto #BTC #analysis #trading
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