Overview for BTC/USDT (Binance 4H)

4 באפר׳ 2023

By the end of April, I predict that the price of bitcoin will increase to between 30k and 32k USD. Which is in line with recent reports that China is considering using the "Yuan" as its official currency, making the USD less strong over the next few weeks. A US bank has been reported to be selling 51,000 bitcoins in phases. It implies that if the US starts to respond and demonstrate their strength, they will win. They'll try to delay the "Yuan" Oil Agreement, which would produce another bearish trend. However I'm convinced the US banks will start by offloading the effects of Bitcoin and SVB. If the technical and the sentiment are in sync. Based on a good level of probability, we will enter into a good number of deals. Whichever analysis we conduct, I think it will always fall somewhere in between these two tendencies. Short or long. I'll choose the trades that, to the best of my knowledge, have the highest chance. and establish an SL for guarantees. When the day's RSI falls below 30, that will be the true bottom that I'm waiting for. There is currently a chance that it may break the 18K mark, at which point a divergence to the bullish RSI trend will mark the end of this negative phase. and after that, we'll take off. exactly like Simpson stated. beyond the sky. until the right TA is displayed at the bottom. I'll wait at the bottom for the Particularly Long Entry (8k to 11k)

Cheers,