How are you friends! Hope everyone is well. Alhamdulillah I am fine too. Friends, today we are going to discuss about some updates of the crypto market, movement is being made in the market or may be. We will talk specifically about BTC. We will also talk about where your buying can be and where your target can be. So let's get started.

Now if we talk about the overview of the crypto market then we can see that some other coins like Solana, BNB, ADA, AVAX, TRX, LTC etc. are seeing some correction along with Bitcoin. And the reason for this correction is the end of the week. Because usually the crypto market sees a minor correction towards the end of the week. So for a short term investment now you can buy some amount of coins and sell them after some time when the price of the coin increases again. And another reason for this is that the crypto market is still bullish.

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Since Bitcoin broke its all-time high a few days ago and BTC is still in a good position, it is better not to buy deep at this moment. And since we can't see a big downfall right now, we'd be better off buying when we see a little bit more correction.

Notice, first we gave breakout of 92k resistance and we took that as spot. And which means more recovery in the market. So from here you can get target 95 thousand or 1 lakh We already got the target of 95 thousand and we could see a correction or downfall before we get the target of 1 lakh dollars. But even if it's a downfall, it's a bullish sign, because an easy way to recognize a bullish pattern is to hold on our previous resistance as a spot. And you'll notice that's exactly where we went up again. Therefore, the important thing for us to continue this up trend is that the candle of Bitcoin closes above 96 thousand 5 hundred . Not only that, if our closing is below 96 thousand 5 hundred then we can go downtrend here again. And there you can get an opportunity to buy your bitcoin between 90 thousand to 93 thousand where you can make 1st purchase and for your 2nd purchase you must wait for 80 thousand.

See, if we take a closer look, we can see that Bitcoin's resistance is running on the straight line and the spot is running on the trend line. That means the last closing of the candle will be when we have $99,500 then we can easily get the target within 1 lakh 5 thousand to 1 lakh 20 thousand. As the volume is slightly downward in the daily time frame, we can expect some correction in the market. But since our candles are above 2 hundred EMA we are still bullish. Another thing is if you bought bitcoins at high price then I don't think you should do DCA now and you should wait till 80k for that.

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Try to understand the point, we are bullish in 4 hours time frame, 1 day time frame also we are bullish also at 1 week time frame . So now whatever small downfall comes we will gradually move upwards and meet our target. Anyway, finally I want to say one thing that I am not a professional trader so you should do your own analysis before taking any trade.

So guys I am ending today's post here, hope you like my today's post. So for today, see you again with a new post. Good luck to all.

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Thank You

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