📉 Fasten your seatbelts: Turbulence is coming in the price of Bitcoin
$BTC is loudly demanding a larger correction. After days of uninterrupted gains without a healthy pause to the downside, the market now faces a tense macroeconomic landscape: the imminent discussion of the Clarity Act and the possibility that Kevin Warsh will push for a rise in interest rates are knocking at the door.
Please, fasten your seatbelts. There will be turbulence.
If I were you, I’d precisely draw two key lines on the chart. These levels represent historical prices where the asset usually stops to catch its breath; this is what I call the true accumulation zone:
📌 First line of defense: $71,500.00
📌 Second line of defense: $67,400.00
The golden rule for trading this scenario: If the price breaks these levels and fails to hold above them for more than 4 hours, get ready, because we will be looking for cycle lows.
This means you shouldn’t rush in or buy out of panic at the exact moment the asset touches those prices. The market has already shown us again and again that $BTC always provides multiple opportunities to enter at the same point.
Be patient, walk cautiously along the edge, and watch the bigger picture. Let the hunger games begin.
$BTC is loudly demanding a larger correction. After days of uninterrupted gains without a healthy pause to the downside, the market now faces a tense macroeconomic landscape: the imminent discussion of the Clarity Act and the possibility that Kevin Warsh will push for a rise in interest rates are knocking at the door.
Please, fasten your seatbelts. There will be turbulence.
If I were you, I’d precisely draw two key lines on the chart. These levels represent historical prices where the asset usually stops to catch its breath; this is what I call the true accumulation zone:
📌 First line of defense: $71,500.00
📌 Second line of defense: $67,400.00
The golden rule for trading this scenario: If the price breaks these levels and fails to hold above them for more than 4 hours, get ready, because we will be looking for cycle lows.
This means you shouldn’t rush in or buy out of panic at the exact moment the asset touches those prices. The market has already shown us again and again that $BTC always provides multiple opportunities to enter at the same point.
Be patient, walk cautiously along the edge, and watch the bigger picture. Let the hunger games begin.
