Bitcoin breaks the 2.5 month+ range I've been tracking 📈
Bull scenario now in play.
Long term: nothing to worry about yet - momentum stays bearish/sideway under 88,000 on the monthly. FOMO isn't the move here in my view.
Short term magnet levels: 78,000 / 80,000 - 82,500. Scenario valid above 69,000 🎯
Uptrend is holding, but current move looks highly overbought - I expect a pull back to revisit the 72,000 - 70,000 zone.
After such a big move, volatility and traps tend to increase. I'd rather trade alts with clean trend structure than chase BTC's big move.
All levels on chart. What's your take? 👀
#BTC $BTC #bitcoin
Bull scenario now in play.
Long term: nothing to worry about yet - momentum stays bearish/sideway under 88,000 on the monthly. FOMO isn't the move here in my view.
Short term magnet levels: 78,000 / 80,000 - 82,500. Scenario valid above 69,000 🎯
Uptrend is holding, but current move looks highly overbought - I expect a pull back to revisit the 72,000 - 70,000 zone.
After such a big move, volatility and traps tend to increase. I'd rather trade alts with clean trend structure than chase BTC's big move.
All levels on chart. What's your take? 👀
#BTC $BTC #bitcoin
