Marieta_

It’s been four weeks since Bitcoin has been stuck in the same price range, after a straight move down from $126k to 80k, and now here we are, with the price not really doing anything for these four weeks. So, in this article, we’re going to take a look at what might happen will we finally see a breakout this week? Let’s go straight into the charts
BTCUSDT (Weekly)

Before we talk about the current picture, let me remind you about the overall picture. On the Bitcoin weekly chart, it’s still within the same downtrend, and it will remain in a downtrend as long as we don’t see Bitcoin reclaim the 98,000 to 100,000 level because this is where the bullish structure broke.
BTC Weekly Range

Last week, we talked on the weekly chart about how Bitcoin is stuck in a range, and that range is a low of 85,000 and a high of 93,000, and somehow it’s still the same. I think a directional breakout will only happen on the weekly chart when Bitcoin manages to hold above or below one of these two areas.
BTCUSD (Daily)

The daily chart for Bitcoin is also the same there’s no close above the 93,000 high or the 85,000 low. That means we don’t really have any clear trade setup on the daily chart. If you’re trying to trade this range, you’re basically just guessing and playing around. In reality, there’s no clear direction based on the current picture we have of Bitcoin. You can trade it if you’re good at range trading, but if you’re not sure what’s going on, I think you should wait for the price to hold above one of these two levels.
Bitcoin Breakout This week?

One thing I want to put your attention on is this ascending triangle, I think there isn’t much room left in it, and this makes me think that maybe we’ll see a breakout this week. I also shared it on my profile you might have seen, i said that a breakout could happen next week.
The same zone of $93k zone is the zone price needs to break and On the other hand, we have the 87,500 low, and its also aligning with that trendline maintaining the higher lows.
We had a fakeout yesterday. I think Yesterday low will be the key to watch this week based on the trendline and higher lows we have. If price manage to hold that low, I think we are good. Breaking below it wouldn't be ideal for Bulls.
This is it for this week’s update guys, Nothing much to update, still waiting game
Which way you think Bitcoin will break, Up or Down?

This update is going to be pretty straightforward because nothing much has changed, so I will try to keep it short and straightforward so you guys can easily understand what’s going on, what I’m expecting from the market, and how I’m planning to trade within this market chop.
Last week's recap
Before the current market update, let’s take a recap of last week and what we discussed. Last week.

We talked about if Bitcoin holds at 83k to 85k, that could potentially give us a higher low. “Potentially” means there’s no confirmation, because a higher low is only confirmed when the market then prints a higher high. So, it was just a prediction, and we discussed that if the market holds at 83k to 85k, then we could potentially target 93k and even 98k. The market did hit 93k, and then we discussed on my profile that holding 93k is important. Since it didn’t hold, the market showed weakness and got rejected from there. Anyway, now let’s talk about what’s happening in the market now, i don't want to add every single update i shared on my profile in this update, i just hope you guys are following it. so let’s begin.
BTCUSD (Weekly)

Overall weekly chart remains bearish as long as we don't reclaim $98k-100k zone on the weekly.
The current weekly picture

If we talk about the last weekly candle, not much has changed, and the price didn’t do anything significant. It broke the low of the previous week, took the high of the week, and then closed just slightly above the weekly open. So, there hasn’t been much change on the weekly chart, it’s basically been range bound.
However, the key point is that we now have two important areas to focus on $85k and $93k. This week, our focus will be on these two zones $85200 and $93160 and we’ll discuss the potential trades we can catch based on these levels.
BTCUSD (Daily)

The daily chart is also range-bound and, overall, still in a bearish trend. However, we did have some chance to shift the internal structure. As I discussed last week, above 93k, the internal structure would shift, but the price did close above it but was quickly pushed back inside 93k. That means $93k remained a key zone to break.
Trade Plan?
There is no trade on the table right now its a wait game in my opinion.

Like i said the focus will be on the $93k high and $85k low. If price manage to break above $93160 and hold above it. We will likely see a move into $98k.
Bearish continuation
We are more closer to $93k than $85k but since its the weekly update so i have to give you this scenario.

If price breaks below $85k and holds, that will likely send Bitcoin back to $80k low.

This is it for this week's update. Nothing much has changed. Overall, we are still bearish on the higher timeframes and currently range-bound.

There are patterns behind why most traders fail.
Here are 4 core reasons:
1. Strategy Hopping
Most traders think lack of knowledge is why they fail so they keep looking for a new strategy. After a few losing trades, they ditch their plan and chase another “perfect” system they saw on YouTube or Twitter.
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Even good strategies look bad in the short-term.
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Trading is sold as a “get rich quick” game. This creates a mindset where:
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And it’s fueled by something even worse…
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New traders expect:
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Most traders stop right before they actually start learning.
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If you’re still struggling, check yourself:
Are you hopping from one strategy to another?
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Fix these four things and you fix most of your problems.