$BTC Is it about to turn around?
Bitcoin broke above the previous high, but then fizzled out. What exactly are the bulls trying to do here?
The 4-hour and hourly charts are already clearly overbought, so a high-level consolidation and correction is a good thing.
Sideways movement is better than a straight drop.
But here’s the problem:
This kind of “strong without a pullback” actually makes me uneasy.
Could the main force use the month-end close to stage a deep retest and shake out weak hands?
For the short term, first look at the 78600-77000 support zone. If it can hold there,
I’ll try a small long position.
Also watch Ethereum’s support at 2460-2430.
But remember: buying the dip is okay, chasing the rally is not.
Protective stops are a must—don’t let yourself become one of the ones who get swept out.
$SNDK
$ETH
Bitcoin broke above the previous high, but then fizzled out. What exactly are the bulls trying to do here?
The 4-hour and hourly charts are already clearly overbought, so a high-level consolidation and correction is a good thing.
Sideways movement is better than a straight drop.
But here’s the problem:
This kind of “strong without a pullback” actually makes me uneasy.
Could the main force use the month-end close to stage a deep retest and shake out weak hands?
For the short term, first look at the 78600-77000 support zone. If it can hold there,
I’ll try a small long position.
Also watch Ethereum’s support at 2460-2430.
But remember: buying the dip is okay, chasing the rally is not.
Protective stops are a must—don’t let yourself become one of the ones who get swept out.
$SNDK
$ETH
