🔥 Bitcoin Situation

A downward-trending ( daily candle, D1). Continuation of the post.

Next week, a breakout upward may happen. There’s no point in guessing— I’ll wait for a close above ( if it happens) + a close above $74,500. Target = the end of the bear phase. If we don’t break through, we’ll fall off—okay, then it’s still too early for now.

If we want the decline to continue, no matter what, we need to pull out and head down. I used the 2022 bear phase as an example—an analogous picture can be seen on the chart.

So if there’s an upward breakout, I wouldn’t expect a strong drop; at $50,000 I wouldn’t be expecting it. We might just churn around, or we might go straight to $80,000, where we’ll close the gap at $84,000. And after that, everyone who’s not in the market will regret it badly.

Regarding Альтам. BTC is near $60, usually from there we see a decline and altcoin growth.

If on Saturday there is PEACE (—US and Iran) negotiations—then starting Monday, markets may be RISK ON. In that case, all that “shit” that’s been heavily oversold could bounce back well, because everything has been oversold to an extreme degree.

What to expect, if it’s peace-peace, and if there’s a close above the trend line = Long altcoins! For now, we’re waiting.