$BTC: How Whales Look at the Monthly Close đđ
Theory 1 đ
A close above $89,400 is positive, indicating a rise to $103,700. đ
This is confirmed if BTC holds above $91,700, followed by a rise to $95,750. đâĄïžđ
Theory 2 âïž
A close and hold at $86,400 suggests sideways movement. âïž
This could lead to a drop to $74,000 and $69,000, with BTC moving sideways between $88,400 and $83,370. đ
The 86,400 level must hold for this to play out.
If this happens, Bitcoin holdings may decrease to $58,550. Altcoins could enjoy a 3-week rally until BTC consolidates. đȘđ
Theory 3 â ïž
The most dangerous scenario: A clear monthly close below $86,400 would signal a decline in holdings. âŹïž
This could lead to drops to $57,300, and further swings down to $69,000, $66,000, and $62,000. đ
There could be a rebound at these levels, coinciding with Ethereumâs drop to $2,270. đ
This scenario is limited to 10 days, targeting short-term traders and providing consolidation zones for Bitcoin and Ethereum whales. đ
If I were the market maker, I'd use Theory 3. đ
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