My BTC Plan For Next Month
Right now, the market is at a short-term support level on the daily chart, and we have two possible paths ahead.
First, I'll mention the red path, which doesn't have any particular significance in this context. If the market sharply declines, it could drop to the previous support level, resembling the red line.
However, in our market, we also consider the duration. Look, it's indicating that if the current bottom isn't broken, we can still range within this channel over the next month.
If the market follows the hypothetical white line path, new ascending channels will form, and in the first stage, it will pump up to the 86-89 thousand dollar range. According to observations, accumulation is occurring for this hypothesis because the bottom remains intact even after peaking. Unless the market enters a bearish and dumping phase, as illustrated by the red line.
First, I'll mention the red path, which doesn't have any particular significance in this context. If the market sharply declines, it could drop to the previous support level, resembling the red line.
However, in our market, we also consider the duration. Look, it's indicating that if the current bottom isn't broken, we can still range within this channel over the next month.
If the market follows the hypothetical white line path, new ascending channels will form, and in the first stage, it will pump up to the 86-89 thousand dollar range. According to observations, accumulation is occurring for this hypothesis because the bottom remains intact even after peaking. Unless the market enters a bearish and dumping phase, as illustrated by the red line.
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