#Bitcoin Update | Saturday, 07.09.2024

7 сент.

#Bitcoin Update | Saturday, 07.09.2024

Good Morning to All Brothers and Sisters,

#Bitcoin dropped as predicted in my last analysis, touching nearly all support levels. It found support at the bottom of our yellow area, and the working week closed there. Now, the key point is where the Sunday weekly candle will close. In my opinion, it's time for a trend reversal.

What's Next?

In my view, the price will likely remain within the FRD line until tomorrow. After that, we may see a retracement. If the price crosses the second resistance (blue and black lines), this will confirm the trend reversal. Otherwise, if the price breaks below the yellow area, it could drop further.

#ALTS

There has been significant bleeding in altcoins, but after Bitcoin breaks through the first resistance, I will start providing new signals on #ALTS. Make sure to activate your notifications and stay tuned.

Wishing you all a great weekend!