Recently, the market feels very subjective. If you are bullish, you might think it's sluggish, always rising but never going higher, very weak. If you are bearish, you might think it keeps falling but never drops further. That's right, this is a consolidation market! But the objective fact is, this is a correction after a big crash, and the lower limit of this correction is gradually being raised step by step.
We can clearly see that the first bottom was at 80,000, then at 85,000, then at 87,000, and now 90,000 has also become a support level. A small step-by-step upward walk.
Above, the high of 94,500 has been tested twice in the past two months, but there hasn't been a proper breakout. The two highs are basically flat, forming a horizontal platform level. Above this platform, there are many unfilled orders and potential buy and sell orders, which is liquidity. Under normal market conditions, the price will eventually reach these levels. Combining trend lines and waves, the correction since 80,000 in Bitcoin is missing a Wave C.
⚠️ I believe we can see 98-99k next week! Here, I still hold a full set of long positions, strongly bullish on Bitcoin! Although it's Sunday, I am not a god, so I am still diligently working to analyze our beloved Bitcoin for you little babies. If you can move your fingers and give me a like, I will be very happy. Wishing everyone a happy weekend, and may your whole family win big!❤️
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Hello everyone, I am Insider Brother.
Recently, the market feels very subjective. If you are bullish, you might think it's sluggish, always rising but never going higher, very weak. If you are bearish, you might think it keeps falling but never drops further. That's right, this is a consolidation market! But the objective fact is, this is a correction after a big crash, and the lower limit of this correction is gradually being raised step by step.
We can clearly see that the first bottom was at 80,000, then at 85,000, then at 87,000, and now 90,000 has also become a support level. A small step-by-step upward walk.
Above, the high of 94,500 has been tested twice in the past two months, but there hasn't been a proper breakout. The two highs are basically flat, forming a horizontal platform level. Above this platform, there are many unfilled orders and potential buy and sell orders, which is liquidity. Under normal market conditions, the price will eventually reach these levels. Combining trend lines and waves, the correction since 80,000 in Bitcoin is missing a Wave C.
⚠️ I believe we can see 98-99k next week!
Here, I still hold a full set of long positions, strongly bullish on Bitcoin!
Although it's Sunday, I am not a god, so I am still diligently working to analyze our beloved Bitcoin for you little babies.
If you can move your fingers and give me a like, I will be very happy.
Wishing everyone a happy weekend, and may your whole family win big!❤️