💵BTCUSDt

Thoughts on the market

Since the last review, the flight at 60K was excellent.

The upper border of the channel still looks weak for consolidation, so I will expect a test of the previous strong level at 61K and slightly lower at 60K.

It's time to think about the next moves 🕯

I hope the situation in the Middle East should NOT greatly affect the bull market in the long term, however, if the conflict escalates, $BTC could easily dive lower to 55-56K, which would be too ideal for selection and accumulation of positions.

Now 60K is the key October support level, breaking through which it will be possible to gradually gain positions on the spot.

Where to buy?! 👑

We are only considering a conservative spot ladder selection, so we set limits at 59-58-56K with a goal for a future peak at the end of November.

By the way, the channel was slightly adjusted to the current min and max. (The new trajectory is conditional).

Do you think investors are still ready to buy risky assets?! 💸