Bitcoin is loading another crash worth up to $ 70K.
For the past four weeks, we have been repeating one thing only: that #BTC will crash up to $ 74 K. Now it has exactly crashed up to the $74,450 level we mentioned as the first support zone, and the second was at $73,660. Just after tapping the first support zone, it bounced back up to $81K due to Trump’s 90-day tariff postponement decision. Here is an attached image of how it played out.
In today article we are going to discuss following topics:-
1. BTC Technical Analysis
2. BTC Volume Analysis
3. BTC Fundamental Analysis
4. My Personal Portfolio Management
1. BTC Technical Analysis
🔸 If we look technically #BTC is continuously dropping and completely in downtrend in every bigger time frame like 1D, 1W.
Currently forming a falling wedge, a positive advance could be triggered by its breakout. Constant refusal thus far.
🔸 We may see another decline to the $70K range if we keep this setup in mind and there isn’t a breakthrough anticipated right now because of low demand.
To put it succinctly, if I believe that technicals are bearish, we may witness another drop in the coming days that could reach $70K.
2. Analysis of Bitcoin Volume
🔸 By examining volume, we can better determine the market’s direction.
🔸 Take a look at the chart above, which shows two candles with red and green arrows. Additionally, there is a green oval-shaped price movement and a green arrow-shaped volume.
🔸 If we examine the red arrow-marked bar, we can see that the price is strong since the volume surged excessively, but the price then moved higher. On that premise, we marked the bottom near the low of $74,450.
Trump delayed tariffs for ninety days just after that red arrow pricing bar. In contrast to the red bar volume, which shows the exit of money entered in the red arrow bar, it led to a massive upward advance up to $81K+ with a volume of 3/2. It indicates that bulls are anticipating another dump and are therefore bullish for the near future.
Therefore, if the market permits, we should likewise sell at $81K+ and bide our time till the market crashes.
🔸 Something else with an oval green mark. Volume is declining while price is rising. It’s an indication of weakness.
🔸 It indicates a lack of interest in market expansion. Thus, it is also indicating that Bitcoin ought to decline.
🔸 In short words volume is also bearish and showing another dump up to $72K where recent lows will be sweeped.
3. BTC Fundamental Analysis
🔸 The most important thing according to the current market situation is fundamental
There are two things to consider when examining basic news. The first is the battle between Iran and Israel 💩, and the second is Trump’s additional 104% tax on China.
🔸 The first one is currently not very active. We will talk about it when it occurs. We will just talk about tariffs for the time being.
At the moment, Trump has delayed the implementation of tariffs on all nations for the next ninety days, with the exception of China.
Additionally, Trump imposed 104% higher tariffs on China. That sentiment is utterly pessimistic.
🔸 We remain firmly pessimistic until the trade conflict is resolved.
4. The Management of My Portfolio
🔸 As I’ve always maintained, management matters 60% and analysis 40%. This is how I plan to handle my portfolio, then.
🔸 Out of 20 coins, 13 buying orders have been triggered thus far. Two purchase orders were activated for some coins, one for others, and three for one coin. I still own more than 63% of steady coins.This is evidence
I’m searching for profit booking right now. I’ll plan my exit and attempt to move at least 95% of my holdings to stable coins if the market permits me to visit up to $80K or more.
🔸 I’ll let you know when I sell and wait for another crash.
🔸 My remaining 63% USDT will be used to purchase the dip if the market crashes before reaching the $81K zone.
That’s how I intend to respond to changes in the market.
🔸 If I end up, I’ll advise book profits up to $81K, partially if you purchased during a recent drop, and then wait for another crash to reach $73K or $70K. We’ll let you know when we make another purchase.
Disclaimer and Risk Warning
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