#BTC/USDT Bullish and BEARISH $57k before $100k??

14 ביוני

In this post, we will assess both bearish and bullish scenarios with detailed reasoning to help you make informed decisions, whether you're trading or investing.

BTC/USDT is currently trading at $67,087.98, just above the 50-day Simple Moving Average (SMA) and $65,551.00, a critical support level.
The price has already broken below a key pattern, signaling a potential shift in market sentiment.

If BTC breaks below the 50 SMA+ 65.5k support, it could trigger a move towards 60.3k, with a further downside target around 57k, where high liquidity and the 192-day trendline intersect, offering strong support.
Conversely, if BTC holds above the 50 SMA, it may avoid the bearish breakdown and instead aim for higher resistance levels at $71,452.01 and $73,777.00.
This positions BTC at a decisive point, where the next move will likely determine the short to mid-term direction.
Traders should closely watch the interaction with the 50 SMA to gauge potential price movements.


FUNDAMENTALS :- The fundamentals do not align with the technicals. Here are some important points to consider:

HTF:
- ETF Approved ✅
- Halving ✅
- Petro dollar expiry with no renewal ✅
- US presidential candidate endorses crypto ✅
- Daily bullish divergence holds for BTC ✅

LTF:
- Liquidity taken below ✅
- CPI fell and rates reduced ✅
- PPI fell and rates reduced ✅

Reason for Further Down HTF:

100k charts everywhere but without any pullback!
There is a significant amount of liquidity between $50-59k, which is very attractive to big investors and institutions with BTC targets between 130k-350k. Even if we dip slightly above 51k, the higher low will remain intact, keeping the HTF trend bullish.

The current HTF fib retracement is thin compared to traditional optimal entries. Historically, before a new ATH, there's usually a major shakeout causing fear and cheap liquidity for institutions. This hasn't happened yet, making now an ideal time for a retracement amid high bullish sentiment and greed.

A typical scenario involves a massive, unexpected dump causing widespread fear, lasting from 10 days to 3 weeks. This provides institutions and big investors with cheap liquidity, setting the stage for a bull run once their positions are filled.

So, even with positive indicators, remain cautious. Avoid FOMO for your own sake.
It's better to keep cash (At least 40% in USDT to buy Alts at cheap).
This is the kind of decisions we didn't see in previous bull runs! Remember that?

I hope this post helps you. If it did, please hit the like button and share your views in the comment section.


Thank you


#PEACE