BTC update:
As i covered on my weekly update, that i first expect BTC to hit 65k to 67k mark first before going down and Bitcoin exactly did yhat
But move from 67k to 72.4k was just a master stroke and unexpected move by MMs
My suggestion to you is don't get over hyped of this move and make wrong decision thinking this is bull market move and get in late long( you will be stuck)
Nah it isn't, in Every Bear market move like this usually happens to liquidate the heavy shorts at highest point of the Range
Where are we?
We are still in Range play,
To be bullish BTC need multiple high time frame candle to be closed above 75k and 82k zone
Any breakout near 82k zone is the first sign of the Bull, not at the candle we have now
What for alts? for alts to be pushed, we need is consolidation on BTC above 68k to 72k zone on higher time frame
Final verdict: stay caution on any late longs as this move will punish late long and re visit the mid 60s
Alts will push higher if BTC consolodate here for longer time frame
Forwarded fromSpecial Group 2026
5
2
2
2
2
2
1
1
1August 20, 2026 4.2K 3
