Technical analysis by AdiVV about Symbol BTC: Buy recommendation (7/6/2024)

Hi all. As my followers know, I am building a Bitcoin long position to participate in the final rally into the end of 2024 and 2025 possibly. With terrible sentiment and panic selling happening last 2-3 days, most people don't realize the sentiment on general markets. Facts: - SP500 breaking new ATH and pumping (on chart), - DXY is weak, - 66% chances for rate cut in September, - Mt Gox and German gov selling is a black swan event - and market will absorb this selloff quickly. Any long position between 48k to 60k is safe to ride the next rally to 87k and above. I am planning to hold this long till 110-120k area.Comment: Rate cut probabilities increased to 72% for September!Comment: First Positive signs: - Daily close with a wick from an area of support, - First Asia session without a dump, - Delta is slightly positive today. - Incides finished the week very strong, and dollar finished weak.Comment: Great daily close yesterday and an update for you guys after a pump today: