Technical analysis by HsnTs-edo about Symbol BTC: Buy recommendation (6/12/2024)

It can be said that we have reached an important turning point for Bitcoin. Market expectations are weighted towards both sides. However, with the high short amounts at 71200 and the selling pressure to be applied to these shorts, very sudden increases in the btc price are possible, technical analysis is in this direction and fundamental analysis is in this direction as well. My expectation is that a short rise to the 82400 level may also be this needle. I believe that Powell will make a positive speech tonight, and he may even mention an interest rate cut in the coming months, and even saying that maybe is enough for the market. On the other hand, eth EFTs will start to play a more active role. Btc.d is a very good return, this time btc and the lowers will appreciate together.ytd.