🚨 $BTC UPDATE: TECHNICAL ANALYSIS
Bitcoin has gained nearly $1K over the past 4 days, and now traders are asking themselves two questions:
1️⃣ Did I miss the move?
2️⃣ Is it time to short?
$BTC
first broke above the key $67K neckline, followed by a breakout through the $72K resistance. However, price is now showing some weakness around the $77K area.
For scalpers, a small short toward $73K could be considered, but this is not a signal to blindly open a large short. After such a strong rally, a healthy pullback would not be surprising.
For more conservative traders, I’d rather wait for BTC to test the $77K–$80K zone, look for a clear rejection, and then watch for a possible move back toward $73K.
If you missed the earlier spot entries, don’t chase the pump with FOMO. A healthy pullback toward $70K could provide a much better opportunity to gradually build a spot position.
Remember: you may have missed the lower price, but you haven’t necessarily missed the opportunity.
#USCanadaTradeTalksCollapseCanadaVowsRetaliation #SP500EndsWeeklyWinStreak #Write2Earn
Bitcoin has gained nearly $1K over the past 4 days, and now traders are asking themselves two questions:
1️⃣ Did I miss the move?
2️⃣ Is it time to short?
$BTC
first broke above the key $67K neckline, followed by a breakout through the $72K resistance. However, price is now showing some weakness around the $77K area.
For scalpers, a small short toward $73K could be considered, but this is not a signal to blindly open a large short. After such a strong rally, a healthy pullback would not be surprising.
For more conservative traders, I’d rather wait for BTC to test the $77K–$80K zone, look for a clear rejection, and then watch for a possible move back toward $73K.
If you missed the earlier spot entries, don’t chase the pump with FOMO. A healthy pullback toward $70K could provide a much better opportunity to gradually build a spot position.
Remember: you may have missed the lower price, but you haven’t necessarily missed the opportunity.
#USCanadaTradeTalksCollapseCanadaVowsRetaliation #SP500EndsWeeklyWinStreak #Write2Earn