BTC a big movement is about to begin

17 Jun

or 4 red - this is a wiring, and active growth should begin.

# Analysis of the current situation
On the 4-hour time frame, the current BIGREDDOT signal indicates buyer weakness. This may indicate a possible price reduction in the near future.

# Support and resistance levels
- Support: $66000, $65383 (UpTurquoiseBar level)
- Resistance: $67000, $67449 (BIGREDDOT level)

# Forecast of BTC price movement relative to the dollar

## Short term forecast:
Based on current signals and funding data, the downtrend is likely to continue. The BIGREDDOT signal confirms the weakness of buyers, which may lead to a further decline in prices.

## Mid-term forecast:
If the price breaks the support level at $66,000, the next target will be around $65,383. However, if strong reversal signals appear (for example, GreenDot or TurquoiseDot), a recovery to the resistance level in the area of ​​$67,000-$67,449 is possible.

## Probability of movement:
- Down: 70%
- Up: 30%

# Conclusions
Current signals indicate a prevailing bearish mood in the market. Funding is also showing neutral readings, which does not support significant growth in the near term.

# Recommendations for entering a position
1. Short-term traders may consider opening short positions if the $66,000 support level is broken with a target around $65,383.
2. Medium-term traders should monitor the emergence of strong reversal signals (GreenDot or TurquoiseDot) for possible entry into long positions when a trend reversal is confirmed.

### Conclusion
Be attentive to changing market conditions and watch for new signals to adjust your strategy.