$BTC today‼️
Testing the upper boundary of the descending triangle trendline, buyer activity, and ETF inflows have triggered a rise in Bitcoin's price. These are the exact indicators I highlighted in my previous post. If you followed my scenario in your trading, you would have secured a profit of at least 30%. Congratulations to all my followers and market participants.
However, this counter-move against short sellers shouldn't be viewed as a market reversal—at least, that’s my opinion. I consider this surge a bull trap. A price rally in a risky asset—amidst high inflation, a negative geopolitical backdrop, and fears of escalating tariff wars next week—could suddenly deal a blow to the bulls as well.
That’s why I’m not getting greedy; I’m locking in profits. You need to understand that the market always offers opportunities to make money, but only to those who maintain discipline and stick to their strategies.
Typically, after a surge like this, we see short-term consolidation (as the crowd piles in) followed by further growth; however, I plan to look for a long entry at the $79,850 level. If I see explosive buying pressure, I’ll enter a market order. Conversely, if I spot a strong seller, I’ll switch to the other side. I’ll keep you posted. Thanks to all my followers for the support.
Wishing everyone profitable trades💰💪
Testing the upper boundary of the descending triangle trendline, buyer activity, and ETF inflows have triggered a rise in Bitcoin's price. These are the exact indicators I highlighted in my previous post. If you followed my scenario in your trading, you would have secured a profit of at least 30%. Congratulations to all my followers and market participants.
However, this counter-move against short sellers shouldn't be viewed as a market reversal—at least, that’s my opinion. I consider this surge a bull trap. A price rally in a risky asset—amidst high inflation, a negative geopolitical backdrop, and fears of escalating tariff wars next week—could suddenly deal a blow to the bulls as well.
That’s why I’m not getting greedy; I’m locking in profits. You need to understand that the market always offers opportunities to make money, but only to those who maintain discipline and stick to their strategies.
Typically, after a surge like this, we see short-term consolidation (as the crowd piles in) followed by further growth; however, I plan to look for a long entry at the $79,850 level. If I see explosive buying pressure, I’ll enter a market order. Conversely, if I spot a strong seller, I’ll switch to the other side. I’ll keep you posted. Thanks to all my followers for the support.
Wishing everyone profitable trades💰💪
