Technical analysis by kadirogluemre about Symbol BTC on 3/2/2024

kadirogluemre

I have mentioned in every article that the bullish fire will burn with the break of the 47K resistance. After the breakout, BTC showed a very aggressive rise and started to hold on above 60k. With the ETF approval, the purchases of large companies created a supply shock for BTC and we saw a sharp parabolic rise. The fact that we so willingly reached the 60k band seems to indicate that a new peak will occur. The increasing demand for BTC also causes the increases to accumulate at the top rather than bottoming out. Every point where the price holds above means an opportunity for altcoins. But there are too many coins and the bull comes in turn on each trend. The important thing is to catch the trend and expand your portfolio with the profits you make, without establishing an emotional bond with the coins. After artificial intelligence, we are now in the meme coin hype. I sold the CGPTs I was holding and bought ENJ, STRK, JUP. Apart from them, PEPE, FLOKI, CYBER, TENET, WWY, WOZX are the ones waiting for profit. We are in a period where it is early to sell and should be collected as it drops. As the price moves within this range, I think we will see altcoin pumps as the dominance starts to fall. Notes to myself. It is not investment advice.