In the Weekly timeframe, BTC had lost its 20k mark and will likely fall to the 12k demand zone.
We expect BTC will bounce back when meet this 12-ish zone. Then 20k becomes the new 6k (the new support). 2023 will have a rally, and 2025 will have a new ATH. We have been in the bear market for quite a long time. And this might be the turning point.
Here is my specific playout strategy:
- Grab a Bag if the wick hits the 12k zone or if Bitcoin touches the 11-12k zone
- Sell half of the bag when it rallies to 27-28k in 2023, and hold the other half ALWAYS.
- Rebuy when it touches 20k, can always swing trade half of the portfolio for maximum Bitcoin gains.