BTCUSDT Analysis by @planfomo

Total Quality
Score
101868
112000.0000000000
93000
BTCUSDT
1H
Pending
Free
Analysis Predict Bear Market
crypto
Technical
The analyst discusses Bitcoin and Ethereum, predicting a bearish trend. The analyst states the purpose of the analysis is to loudly debate the state of the market and is "feeling sick". He notes that he believes the recent high of $111,000 is the top. He expects Bitcoin to reach $93,000. He is still holding on to his position. The analyst believes Ethereum looks better than Bitcoin. Analyst mentions waiting to short Bitcoin and provides price targets for a profitable range. The analyst says to be aware of supply shock and states 200 day moving average must be broken before action. A reasonable bound is inferred, where the failure price is higher than both target and current price, set to 112000 and 2750. Analyst mentions that there are hundreds of memecoins, thus the old trend doesn't hold. A potential head and shoulder pattern for Ethereum is noted.
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