📊 BTC Weekend Check-in: $63,041 and the market is holding its breath.
Fear & Greed at 34 (Fear zone). Volume drying up. Price compressed in a tight range.
4H chart: RSI at 38, MACD bearish, but price refusing to break down.
Daily chart: Below all major MAs. Still in a downtrend structure.
This is the calm before something. Two scenarios:
🐂 Bull case: Break above $65K → target $70K
🐻 Bear case: Break below $60K → target $55-57K
🎯 The Play: Range trade with caution
→ Long entry: $60.5K-$62K zone
→ TP1: $66K | TP2: $70K
→ SL: $59K
→ R:R = 2.1:1
Weekend moves are often fake moves. Monday will tell us everything.
Are you positioned or sitting in cash? 👇
#Bitcoin #BTC #DYOR
⚠️ Not financial advice. Always DYOR and manage risk.
Fear & Greed at 34 (Fear zone). Volume drying up. Price compressed in a tight range.
4H chart: RSI at 38, MACD bearish, but price refusing to break down.
Daily chart: Below all major MAs. Still in a downtrend structure.
This is the calm before something. Two scenarios:
🐂 Bull case: Break above $65K → target $70K
🐻 Bear case: Break below $60K → target $55-57K
🎯 The Play: Range trade with caution
→ Long entry: $60.5K-$62K zone
→ TP1: $66K | TP2: $70K
→ SL: $59K
→ R:R = 2.1:1
Weekend moves are often fake moves. Monday will tell us everything.
Are you positioned or sitting in cash? 👇
#Bitcoin #BTC #DYOR
⚠️ Not financial advice. Always DYOR and manage risk.