$BTC
โ๏ธ Market Overview
BTC: $80,756
ETH: $2,374
Fear & Greed Index: 50 (Neutral)
BTC Dominance: 61.22%
๐ Yesterday, we came just short of the 77โ78K zone I was watching and immediately got a reaction. At the same time, the move higher still hasnโt fully broken the overall ascending channel structure, although the fact that price is now holding above $80K could be an early sign of further upside potential.
๐ That said, I personally wouldnโt rush to add longs at current levels โ a retest of $78K still looks like a very realistic near-term scenario. That would likely be a much more interesting zone to consider building positions.
But itโs important to remember: the market doesnโt always give perfect entries. So a scenario where price simply keeps pushing higher without a proper dip back below $80K wouldnโt surprise me either.
โ๏ธ Market Overview
BTC: $80,756
ETH: $2,374
Fear & Greed Index: 50 (Neutral)
BTC Dominance: 61.22%
๐ Yesterday, we came just short of the 77โ78K zone I was watching and immediately got a reaction. At the same time, the move higher still hasnโt fully broken the overall ascending channel structure, although the fact that price is now holding above $80K could be an early sign of further upside potential.
๐ That said, I personally wouldnโt rush to add longs at current levels โ a retest of $78K still looks like a very realistic near-term scenario. That would likely be a much more interesting zone to consider building positions.
But itโs important to remember: the market doesnโt always give perfect entries. So a scenario where price simply keeps pushing higher without a proper dip back below $80K wouldnโt surprise me either.