#BTC
The market is exactly as expected! $BTC After a high-level range fluctuation, beware of fake breakouts driven by a bull trap; wait for the ultimate dump to board the trade.
After BTC surges higher, it forms a consolidation structure, basically similar to what was expected. Now the key is whether we can see another wave of upward testing. What to watch for is: if there is another upward test, focus on the breakout structure—whether it will turn into a fake-breakout structure, as well as the timing!
In terms of market sentiment, it doesn’t really support a true bull market. This is only a rebound. After it ends, there will be another opportunity to buy during a further drop!
For resistance, keep an eye on 81–82k. For support, watch around 74k.
The market is exactly as expected! $BTC After a high-level range fluctuation, beware of fake breakouts driven by a bull trap; wait for the ultimate dump to board the trade.
After BTC surges higher, it forms a consolidation structure, basically similar to what was expected. Now the key is whether we can see another wave of upward testing. What to watch for is: if there is another upward test, focus on the breakout structure—whether it will turn into a fake-breakout structure, as well as the timing!
In terms of market sentiment, it doesn’t really support a true bull market. This is only a rebound. After it ends, there will be another opportunity to buy during a further drop!
For resistance, keep an eye on 81–82k. For support, watch around 74k.
