Btcusdt
Hi. Big question ? What's the next move for BTC? The price struggling below24000. 22500~600 is available to bulls.and 23500~600 is available for bears. And currently, none of them attack the other and we are in suffering zone. if bulls won we see price in 28000 and if bears we see lower price. We want to have an analysis to see which scenario is more likely.
1_ overall, we are still in a bearish cycle and we have not yet come out of it, but approximately market priced previously.
2- onchain data is in good condition approximately
3- economic data ,specially the Us, was within the expected range.
4-TA: we are in oversold zone and bottom of falling wedge in weekly timeframe( of course , it's possible to see more waves also in bear flag in daily timeframe that is bearish.
Pro trader and above Wait until the market direction is clear.
If we have good news for BTC like acceptance, or other we see price above 24000 and on the contrary.
With all of the above, I consider the probability of an upward to be more likely.
Good luck
1_ overall, we are still in a bearish cycle and we have not yet come out of it, but approximately market priced previously.
2- onchain data is in good condition approximately
3- economic data ,specially the Us, was within the expected range.
4-TA: we are in oversold zone and bottom of falling wedge in weekly timeframe( of course , it's possible to see more waves also in bear flag in daily timeframe that is bearish.
Pro trader and above Wait until the market direction is clear.
If we have good news for BTC like acceptance, or other we see price above 24000 and on the contrary.
With all of the above, I consider the probability of an upward to be more likely.
Good luck
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