BTCUSDT | Potential Bottom for Now?

Market Context

Is this the potential bottom for Bitcoin? Let’s dive into the current situation.

Chart Analysis

Yesterday, I speculated about a push up, and today, it seems we might be at a temporary bottom for BTC.

Key Indicators

There are several signs pointing to this being a potential bottom:

• Failed Push Down: We attempted to break through 65k but were quickly pulled back up.
• Strong Support at 67k: Yesterday, we saw another pullback from 67k, indicating strong buying pressure.
• Bullish Fundamentals: Market fundamentals are suggesting a move higher.

Strategy

Given these factors, I’m not convinced we’ll see 60k again soon. While there’s always a possibility, the current indicators suggest we might move higher from here.

Action Plan

With a solid risk management plan in place, I believe it’s a good idea to try going long today. Let’s see if this bottom holds and we get the expected push up!

Stay tuned for updates—this could be an exciting move!