Bitcoin / TetherUSShort
BTC to 34,200 - But that’s not the bottom
I anticipate Bitcoin to drop a correction sequence - 34,500 level as a first low
From here, we should watch for a major resistance to hold around 43,000 - this indicates a further drop to the 10,000 level
If Bitcoin drops at speed we know why - DXY is seeing a major breakdown and bearish retest. This indicates an extended 1-2 year bull market - prior to which to market has interest in recollecting liquidity at these ultra lows
This is my take on the market and has been for months. I expect this to happen in the short term timespan
From here, we should watch for a major resistance to hold around 43,000 - this indicates a further drop to the 10,000 level
If Bitcoin drops at speed we know why - DXY is seeing a major breakdown and bearish retest. This indicates an extended 1-2 year bull market - prior to which to market has interest in recollecting liquidity at these ultra lows
This is my take on the market and has been for months. I expect this to happen in the short term timespan
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.