$BTC Price Update

👉The price of Bitcoin remains neutral on the 4-hour chart, currently trading within the Kumo cloud. On the daily chart, the price is confined between the $59,600 and $56,000 levels. As highlighted in my previous analyses, this neutral trend is likely to continue for some time.

👉Key levels to watch within this neutral zone [HTF] are $63,000 and $54,000. Given the current market conditions, it's challenging to predict short- and medium-term movements with precision.

👉It's important to note that BTC is still moving within a daily bearish channel (see the 4th chart). For the long term, the critical level to maintain is the $48,000 - $50,000 range.

👉During this period of neutrality, some altcoins may experience upward rebounds. It's advisable to focus on trading these altcoins.

**Tips:**

Remember, the market is neutral 70% of the time and trending 30% of the time. Identify the trending phases and trade accordingly to maximize profitability.

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