Daily 4XSetUps - Terrain Over $66000 BTC1! Defended (For Now)

2024/11/09
Daily 4XSetUps - Terrain Over $66000 BTC1! Defended (For Now)
“it was just a flash in the pan? only because of trump comeback?
i don't know - in any case let btc1! run above old annual highs!”



$77360 - 2024/11/08 - last price action
$74415 - 2024/03/14 - high of March 2024
$73380 - 2024/04/08 - high of April 2024
$72660 - 2024/06/07 - high of June 2024
$70825 - 2024/07/29 - high of July 2024
After we briefly reached a new historical high in our BTC1! during Tuesday's trading session, the bears got their appetite on Wednesday, Thursday and Friday last week before- and drove up the price action of BTC1! back to under $70000. What we would say in boxing is basically a short-term “impact hit” from a psychological and philosophical point of view! Or? No knockout (yet)! But I can't and don't believe that it won't leave any traces? Was it just a flash in the pan? Are the bears taking over the terrain now? Or will the bulls get back on their feet? And all this during the week of the 2024 US presidential election? These questions are answered meanwhile - our BTC1! drived relaxed bullish into weekend, with new alltime high last days, day by day. And it seems like it's because of Trump! What? Why Donald? Yes - look at the price action! It seems like the Bitcoin community also can`t accept Trump back in office!?

“If you’re not failing, you’re not pushing your limits, and if you’re not pushing your limits, you’re not maximizing your potential.”
Ray Dalio

$77360 - 2024/11/08 last price action
$69335 - 2022/04/12 1st historical alltime high
$68045 - 2022/11/08 2nd historical alltime high
These 2 all-time highs were traded in 2021 - almost a year after the coronavirus outbreak. And/Or also in the year before the Russian military invaded eastern Ukraine. What role do these two events play with the price action on our BTC1! have? I don't know! But no one can deny that you have one! You something? Therefore, a price action above $69730 in the historical context tends to promise new all-time highs - i.e. it is bullish. Because many are back on our BTC1! attention - and thus, thanks to the euphoria, new buyers may be attracted. On the other hand, a price action below $68045 is likely to kill the current euphoria due to new old all-time highs - as the first bulls may then switch to the bear camp and realize their (non-)existent profits. Which could then drive the mood, the price action, faster and deeper than we can imagine today. Like twice in 2021? Today - after the fact, that Trump will be back in office in 2025, I would not bet on it; let alone trade and/or invest bearishly! From this POV (Point Of View) stay long with a stop price; like this 4XSetUp at $60000 i.e.


With best wishes
and with good intentions!
Aaron



“daily 4XSetUps - …” is pure information material!
By trying to give you even more information about some trading capabilities to trade and/or invest in some securities. This post is not a call to action - it only provides information. You decide (not) to decide. Even if I am writing daily 4XSetUps with concrete entry prices, target prices and/or also stop prices! It is like it is - like I said; You decide to respond to the analysis I just formulated to buy, to sell, or to do nothing! More information about my approaches to investing in something specific or just trading it, or even just describing it, can be found in the daily "Another 48h - DXY ...! Analysis Post. Where I try to track the price action in DXY every day so that we learn something new daily.