ForexTAPA

#Bitcoin – What's Next? The Big Sunday Report: All We Need to Know 🚩 TA / LCA / Psychological Breakdown: The Old Man's Punch: This week is very important so we can finally understand if the old man's punch will hit or fail, and each result leads to two great results, and let me explain further. Bitcoin is right now trading at the 65,200 area, and the area of 65,400 is a very interesting one, and it's just $200 away from the current levels, because it is a significant resistance zone where a lot of selling happened in the recent weeks. So what do I mean, and in avoidance of any misunderstandings: it does not mean that if we see a candle, a wick or something even above 65,400, it does not matter much, as you can see in the recent weeks we broke out above it several times but each time it was a fakeout as the chart shows clearly. The Green line is at $65,400, this is the Green Line. In case we can break out, we can have a party later on! A breakout would mean that the second, very strong resistance in this bear market was broken, and there are 2-3 more key resistance zones ahead at 77-78k and 83k. So it basically means: if we break out above 65,400 and can see several weekly closes above, the doors for 77-78k will be open. I Am Positioned, Not Waiting: And no matter what the chart says or giving a confirmation or not, I know many people that like to watch and wait for confirmations. And how many times you had your confirmations, and your buy signals started to flash green, and it was always way too late? That's not my style of playing. Regarding that, I am positioned and I said many times I have prepared my buying plan between 64-54k. All my purchases are shared in real time in Premium. Every single purchase, every single DCA I do, is shared in real time in Premium, and for that reason I am not able to disclose my exact entries publicly. But the accumulation has started between 54-64k and I am looking forward to accumulating more of BTC, ETH, and some altcoins that will be shared in Premium only. Join Premium here: drprofitcrypto.com The Fear Has Switched Sides: The biggest fear right now is on the side of stablecoin holders. The fear of missing out is bigger than the fear of a new big crash! The more people realize that, the faster and more aggressive the accumulation goes, and the higher the prices continue to rise. No one wants to hold stablecoins and lose vs BTC when it goes up. So the risk is clearly sitting on one side right now: the greedy ones who bet on one last leg down, taking the risk of missing out on buying early, vs those who take the risk of one last leg down but certainly know things will go in their favor in the next months. One side is fighting for a few percent of a better entry. The other side is positioned for the entire next cycle. Choose which risk you want to carry. The 2024 Box Is Doing Exactly What I Said It Would: And let me remind everyone of something I wrote long before anyone was thinking about it. Back in 2024, when Bitcoin spent the entire year inside the box between 58k and 74k, I said repeatedly that this box had three main purposes, and the most important one was the drawing of future reference lines for the next bear market of 2026, I even gave the exact year back then. I said many times that the 2024 box would play a key role again during the 2026 bear market, in the same price areas. And look where we are: Bitcoin is forming its bottom exactly inside the 2024 box, exactly in the price region I marked two years in advance. The current sideways region, the fakeouts at 65,400, the accumulation zone between 64-54k, all of it is playing out inside the structure I called in 2024.The same box that built the 2024 accumulation is now building the 2026 bottom formation. What Happens If We Get Rejected? So what happens if we get rejected once again at the current level of the Green Line? Getting rejected at the current levels, and I believe that BTC will aim for the 61,500 area very quickly, and there is continued potential down to 54k, and this is why it's important to watch the current zone, and to understand that bottoms don't form within days or weeks. Sometimes it even takes multiple months to have a bottom formation completed, but anyone without patience will not understand. And everyone who knows my strategy already understood that my buying order is between 54-64k and this is the bottom formation range. Calendar This Week: CPI inflation Wednesday August 12 is the key event of the week, the first major inflation print since Warsh's hawkish FOMC and the weak jobs report. With the market pricing hike risk instead of cuts, any upside surprise in CPI pressures the markets. PPI follows Thursday August 13. No FOMC until September 16, so the market trades these prints without Fed guidance in between. Join Premium here: drprofitcrypto.com THIS IS NO FINANCIAL ADVICE BUT EDUCATIONAL CONTENT ONLY.