I would rate both scenarios with a 50:50 probability, both with the same target but both with two different moves. In any way, in case ETH goes between 3,600 - 3,800 I am willing to enter into a short position.
The chart of ETH is very bearish on higher time frame and the 2k target is a matter of time
Just saw the news: โข US carried out a large-scale strike on Venezuela โข President Maduro and his wife captured and flown out of the country โข Trump announced a press conference at 16:00 GMT
This is massive geopolitical shake-up. Currency pairs will go crazy โ volatility through the roof, tons of strong moves coming ๐
This is an early Sunday report, published on Saturday due to the current market movement and a very important development. For the first time in a month, BTC is breaking out above the Silver Line, which was rejected in the last five attempts, now with a clear retest and bullish confirmation. What does this mean? It means that Bitcoin has managed to defeat the bears at this short-term resistance, giving a clear signal that it is ready to move further. This is what I have been waiting for over the past two months. After hitting my target of 80k, I clearly stated that targets of 97โ107k were not off the table before continuing the downside move, and that I was buying spot at 85k, looking to sell between 97โ107k. Now it looks like the market wants to make this move. For this reason, I am placing several short orders between 97โ107k, where each line represents one short order. For example, if my trading capital is 10k, I divide it into 12 parts and place each order with its respective size. This is how I always trade to catch the absolute best average price for shorts.
At the same time, I keep the shorts from 115โ125k fully open, as the placed short orders are important preparations in case the market allows us to visit these levels. Remember that I remain fully bearish on this market and am targeting levels below 70k in the coming months.