After the BTC halving occurred, we did not see DUMP, but the reason is clear that it was the holiday days and the movement at that time was very bad, so it is expected that we will witness a strong movement in BTC on Sunday, Monday, Tuesday, and Wednesday. Also, with Thursday, we may witness a horizontal upward movement of Bitcoin, but unless we see any breakthrough 65400, we do not try to raise the ceiling. Expectations: Therefore, expect a rise or reversal in the market
2️⃣ This does not mean that there is a certain rise. On the other hand, there are some negatives, such as the dollar’s possession of a strong rebound area, and this represents the same area that I talked about, 65400. This is the same hinge area in the dollar. There is a very great similarity with the dollar and the Bitcoin chart, from a close and very far side.
3️⃣ Does this mean that there are two possibilities that it may happen during this week?
The answer is yes, there are two possibilities, the first positive and the second negative
4️⃣ The first is to break the 65,400 area and pump Bitcoin without stopping to the 80,000 and 85,000 areas, with the printing of more dollars. This gives hope for the market to rise at this time. However, we do not know if it is for Bitcoin or alternative currencies.
5️⃣ The second negative possibility is that if the ascent fails, we return to the 60,700 areas and break this area, then gradually fall to the 55,000 and 51,000 areas until we see the 46,000 and 39,000 areas. It may be rare to reach these areas, but anything is possible in the market. A BITCOIN ETF SPOT withdrawal is very likely to be a problem. With the SEC we may see a drop to these places or even lower
