BTC short-term view
2024-09-21

Alongside my longer-term analysis of BTC, I'd like to share my outlook for the short term.

In my view, BTC appears to be forming an accumulation pattern in line with the Wyckoff method. If this holds true, BTC may return to the inner range in preparation for its next breakout attempt.

A strong buying opportunity is likely near the lower boundary of the current range, suggesting the possibility of a "Spring" event (Scenario B). However, a period of reconsolidation within the current range (Scenario A) is also a plausible outcome.

Other possibilities could emerge, but my primary focus remains on the two scenarios mentioned above.

 Disclaimer: 
This analysis is based on my personnal views and is not a financial advice. Risk is under your control.