Total Quality
Score
If You Had Traded on This Analysis…
Correct

BTCUSDT
Entry
60,366.0000
2024-10-02
20:17 UTC
Target
100,000.0000
In 2 Months
Fail
40,000.0000
Risk / Reward
1 : 2
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Final PnL
65.66%
P/L: —
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Body
The video discusses Bitcoin market cycles, focusing on the unusual sideways bull market observed. It notes Bitcoin's monthly close at $63,000, marking the eighth consecutive month in a $60k-$70k trading range. The analysis suggests manipulation is unlikely over eight months, proposing instead a pre-halving pump due to ETFs, which led to a new all-time high before the halving.
The analysis references the 200-week moving average and the RSI.
It suggests whales are awaiting the US elections. A flat period, a sideways Bitcoin price movement is expected until a trigger. It emphasizes to hold the Bitcoin until the price rise.