Bitcoin is bullish HTF, but short TF correction inevitable
2024-10-22

 

BTC closed last week above July weekly swing close 🔥 Multiple RSI on Month TF also shows bullishness, similar to what it had on March 2023 (after that BTC started it's bull run for ~278%). This chart is bullish, so whatever I write about pullbacks/dips, remember - I mean short term price action that is for buying.

Bitcoin dips to 65500-66500 and bounce back fast should be taken as a fast bullish scenario. That would allow to add more to longs in both BTC and alts. The zone for potential wicks is around 63.5-64.5k - not sure how high are the chances for such a dip, but since it will surely bring panic to the market, it is absolutely possible.