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BTCUSDtThoughts on the market 📊
BTC is looking for balance and is gradually cooling down before the holidays. Now the lateral trend of the asset is clearly visible on the chart, so such spills as happened this week are not particularly surprising, but on the contrary, they are necessary, because essentially nothing critical has happened, just a normal price adjustment 🕯
Even if we immediately fell to 80K with a rebound back to 90K, the upward trend would not be lost. So everything is fine.
As expected, we received a good reaction to a very strong psychological level of $100-105K, around which the price has been dancing and resisting for a month now.
I think that there are much more prerequisites for going lower and taking local minima than going up from the current ones to the new ATX.
I still am of the opinion that the price needs to catch the 84K level and shake out “weak hands” into losses, after which it begins to form a deeper sideways trend centered on the future mirror level around 93K. (subjective and ideal for me personally).
It will be extremely interesting to watch the altmarket at this moment, perhaps we will be able to find discounts and then that very cherished
altseason will begin 🦴
In general: we expect weakness from BTC and strength from alt! 🧠
