$BTC The recent price action has been really frustrating.
After spiking to 82000, we started to retrace, getting stuck around 79000, trading sideways, and really testing our patience.
The bullish trend hasn’t broken down yet, but you can definitely feel the upward momentum weakening; the high-level consolidation feels heavy with potential shakeouts.
Resistance is strong at 80500 and 82000; if we can’t break through, we might continue to see a pullback.
Support is critical at 78000; if we break below that convincingly, we need to be cautious about deeper retracements.
In this kind of market, it’s not wise to chase highs or blindly try to catch the bottom. Be patient, wait for the direction to be clear, manage your positions and leverage carefully, and just wait for a clear signal.
After spiking to 82000, we started to retrace, getting stuck around 79000, trading sideways, and really testing our patience.
The bullish trend hasn’t broken down yet, but you can definitely feel the upward momentum weakening; the high-level consolidation feels heavy with potential shakeouts.
Resistance is strong at 80500 and 82000; if we can’t break through, we might continue to see a pullback.
Support is critical at 78000; if we break below that convincingly, we need to be cautious about deeper retracements.
In this kind of market, it’s not wise to chase highs or blindly try to catch the bottom. Be patient, wait for the direction to be clear, manage your positions and leverage carefully, and just wait for a clear signal.