🚨 Bitcoin stalls at $79,700:
Pressure before the breakout?
News: This Sunday, September 6, Bitcoin is trading at $79,712 USD, recording a 30% drop in volume. The volatility compression indicates that large operators are holding back orders while awaiting U.S. inflation data (CPI).
🎯 Suggested strategy:
Bullish scenario: Confirmed breakout above $80,150 USD with increasing volume. I would look for a liquidity sweep toward $81,500 USD.
Bearish scenario: Loss of support at $78,500 USD. This invalidates momentum and would open the door to testing $77,000 USD.
Recommendation: Avoid trading direct breakouts on low-volume Sundays. The priority is to wait for a retest at key zones or the opening of the Asian session to validate direction.
💬 Healthy consolidation, or are they setting us up for a 'fakeout' before midweek? Let me know. 👇
#BinanceSquare #BTC突破7万大关 #collec
Pressure before the breakout?
News: This Sunday, September 6, Bitcoin is trading at $79,712 USD, recording a 30% drop in volume. The volatility compression indicates that large operators are holding back orders while awaiting U.S. inflation data (CPI).
🎯 Suggested strategy:
Bullish scenario: Confirmed breakout above $80,150 USD with increasing volume. I would look for a liquidity sweep toward $81,500 USD.
Bearish scenario: Loss of support at $78,500 USD. This invalidates momentum and would open the door to testing $77,000 USD.
Recommendation: Avoid trading direct breakouts on low-volume Sundays. The priority is to wait for a retest at key zones or the opening of the Asian session to validate direction.
💬 Healthy consolidation, or are they setting us up for a 'fakeout' before midweek? Let me know. 👇
#BinanceSquare #BTC突破7万大关 #collec
