– The organizer has officially entered the SUPPLY ZONE of the Month frame. This is a very important area that determines the recovery pace of BTC in the near future.
– BTC will have a PRICE REACTION in this zone today, there will be 2 cases in the short term:-
– Case 1: if BTC moves straight to break this zone and close D1 above 25000, it will help the percentage of this week’s W1 candlestick close sharply higher => The downtrend for the past 1 year is broken and starts to contract the recovery rhythm with the target of 30000.
– Case 2: D1 today reversed down and closed 1 pin bar at this price range, then in the next 1, 2 weeks BTC will fall in the short term to 21550.
=>Temporarily the market is fluctuating unpredictably, we should stand outside and observe what signals we will give to be able to act.
