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Market Outlook
Within expectations to reach 80k, reactions after 81,000
Bitcoin $BTC briefly touched 80k this morning, still 1,000 points away from our target of 81,000. I think it will likely hit today
Although it was a day later than expected (initially expected in the second half of last week, but it happened this Monday), the overall market has not gone out of control
Next is the projection of the market after reaching 81,000
After hitting 81,000, my minimum bullish target has been achieved. Therefore, it may not continue to rise afterward
81,000 = fill CME + stop-loss for most aggressive shorts (teachers who have been short from 70k all the way up)
If it hits 81,000 and then drops sharply, it could mean the end of this upward move
If the 4H timeframe can stay above 81 consecutively, it might go higher (8.3-8.4); 84,000 is the next major resistance (also mentioned before)
If Bitcoin can stabilize above 81 afterward, altcoins should catch up. If it just dips to 81, the poor situation of altcoins will continue. Just to understand and respect it
I feel like I’ve been repeating the same words for a month. But since my views are still correct for now, there’s nothing new to say
Short sellers who are trapped should think about how to justify themselves
This article sponsored by #BCGAME|@bcgame @bcgamecoin