The Bitcoin (BTC) market is at a critical moment. Although there has been some pullback today, the overall trend remains upward. Currently, BTC is forming a top pattern, and the market seems to be facing two possible development paths.
The first scenario is that BTC may directly break through the $115,000 barrier strongly, forming a "three-sell" pattern, and could potentially rise all the way to $140,000. In this case, we would see a rather aggressive upward trend.
Another possibility is that BTC may form a weekly head and shoulders pattern near the $115,000 level. In this case, if BTC fails to effectively break through the $115,000, we might see a pullback, and it could even fall back to around $90,000.
As for Ethereum (ETH), we anticipated it would rebound to $4600 yesterday. Currently, we are still closely monitoring its performance to assess its subsequent trend.
Overall, $115,000 is a crucial price level for BTC that will determine the market direction in the short term. Investors should closely monitor the breakout of this key price level and the subsequent market reaction. At the same time, do not overlook the trend of ETH, as it often provides additional insights for the entire cryptocurrency market.
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LucidSleepwalker
· 09-04 06:49
BTC To da moon! Full Position!
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PensionDestroyer
· 09-04 06:41
Let it be, I just love watching the big dump.
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Rekt_Recovery
· 09-04 06:32
my leverage ptsd is screaming at these predictions... been there, lost that lmao
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¯\_(ツ)_/¯
· 09-04 06:30
Keep your friends steady, buy the dip and it's done.
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CryptoDouble-O-Seven
· 09-04 06:29
Hehe, just waiting to smash 90k.
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TokenAlchemist
· 09-04 06:28
lmao ur technical analysis is cute but have u even checked the liquidation cascades on dydx? alpha's in the mev extraction rn tbh
The Bitcoin (BTC) market is at a critical moment. Although there has been some pullback today, the overall trend remains upward. Currently, BTC is forming a top pattern, and the market seems to be facing two possible development paths.
The first scenario is that BTC may directly break through the $115,000 barrier strongly, forming a "three-sell" pattern, and could potentially rise all the way to $140,000. In this case, we would see a rather aggressive upward trend.
Another possibility is that BTC may form a weekly head and shoulders pattern near the $115,000 level. In this case, if BTC fails to effectively break through the $115,000, we might see a pullback, and it could even fall back to around $90,000.
As for Ethereum (ETH), we anticipated it would rebound to $4600 yesterday. Currently, we are still closely monitoring its performance to assess its subsequent trend.
Overall, $115,000 is a crucial price level for BTC that will determine the market direction in the short term. Investors should closely monitor the breakout of this key price level and the subsequent market reaction. At the same time, do not overlook the trend of ETH, as it often provides additional insights for the entire cryptocurrency market.