BTC Update 07/02/2024, 62503(+2.9%)🔴
Journaling days: 80
BTC printed its lowest 62502.2 at 20:50/07/01/24
BTC printed its highest 63849 at 01:19/07/02/24.
Journal time: July 1st-July 2nd. 7am-7am UTC+7.
The gap from the lowest to the highest is +2.15%. The current session's BTC lowest level is +2.96% compared to yesterday's lowest price.
BTC Prediction for 07/02-07/03
Short target: 63859/ SL: 67052/ TP: 62900
Long target: 62491/ SL: 61865/ TP: 63429
After calculating all the risks, the projection is valid from 12:30 UTC+7, 07/02 and expires at 07:00 a.m. 07/03/24 UTC+7.
Bias: Bearish
I would select the Short target (63859) if I have to choose one of the options above.
BTC Prediction for 07/1-07/02 (Update)#Take Profit
Bitcoin breached the short trading price of 63810 at 01:19 (UTC+7) on July 2nd, and at 07:19, Bitcoin had been traded for 62765.7 a piece, officially closing the trade with +1.5% in profit. Bitcoin crossed the take profit target of 62851 at 05:24. From opening the trade, it happened in 245 minutes.
BTC Prediction for 06/30-07/01 (Update)#2
Bitcoin crossed the "short" target 61242 at 14:02 of June 30th (UTC+7) and 2 minutes later, aggressively, leaving the line a drawdown of 0.80% and under an hour. Until 09:04 of July 1st, the short position already carried a drawdown of -4%. In this session, I set up a Stop loss (5%) and currently hoped for the best.
#2. Drawdown: -4.08%
#1. Drawdown: -2.88%