Most traders assume a breakout from a multi-month base means the next 20% is already in the bag.
That assumption has cost more people money than any rug pull. You watch $BTC explode out of 62,000,66,000, FOMO kicks in around the highs, and then it stalls right into the 86,000,87,300 wall that sellers have already defended twice.
I've seen this exact setup play out in past cycles. The 80,500,82,000 zone is the line in the sand keeping the bullish structure alive. Hold it and the trend stays intact.
A decisive close above 87,300 is what actually opens the next strong move. Lose support and a slide toward 76,000 is on the table before any real recovery. When $BTC makes this kind of decision, $ETH usually follows within hours.
The patience to wait for that confirmation instead of chasing every wick is what separated the survivors from the blown accounts last cycle.
Where do you think this goes from here if 82k doesn't hold?
#Bitcoin #Crypto #Trading
That assumption has cost more people money than any rug pull. You watch $BTC explode out of 62,000,66,000, FOMO kicks in around the highs, and then it stalls right into the 86,000,87,300 wall that sellers have already defended twice.
I've seen this exact setup play out in past cycles. The 80,500,82,000 zone is the line in the sand keeping the bullish structure alive. Hold it and the trend stays intact.
A decisive close above 87,300 is what actually opens the next strong move. Lose support and a slide toward 76,000 is on the table before any real recovery. When $BTC makes this kind of decision, $ETH usually follows within hours.
The patience to wait for that confirmation instead of chasing every wick is what separated the survivors from the blown accounts last cycle.
Where do you think this goes from here if 82k doesn't hold?
#Bitcoin #Crypto #Trading