🔥BTC UPDATE🔥
🚨BITCOIN LOST THE RANGE IT WAS BUILDING AND IS ON THE DOORSTEP OF A BIGGER DROP
How are you positioned for this? Here are the possible scenarios 👇
- BTC briefly lost the support at 76k and has been showing weakness to reclaim it.
- It hasn’t been able to recover the POC (highest trading zone). As long as it continues to consolidate below 77k, the probability of a larger drop increases.
2 POSSIBLE SCENARIOS:
✅Scenario 1:
BTC breaks above the POC with volume and consolidates again within the range → enables looking for 82k zones.
❌Scenario 2:
Rejects the POC area and loses the range again → enables 72k zones.
What happens in the next few days could be decisive. The right approach is to wait and see how it reacts when it reaches the POC zone, and based on that, trade long or short.
Anything else is guessing.
🚨BITCOIN LOST THE RANGE IT WAS BUILDING AND IS ON THE DOORSTEP OF A BIGGER DROP
How are you positioned for this? Here are the possible scenarios 👇
- BTC briefly lost the support at 76k and has been showing weakness to reclaim it.
- It hasn’t been able to recover the POC (highest trading zone). As long as it continues to consolidate below 77k, the probability of a larger drop increases.
2 POSSIBLE SCENARIOS:
✅Scenario 1:
BTC breaks above the POC with volume and consolidates again within the range → enables looking for 82k zones.
❌Scenario 2:
Rejects the POC area and loses the range again → enables 72k zones.
What happens in the next few days could be decisive. The right approach is to wait and see how it reacts when it reaches the POC zone, and based on that, trade long or short.
Anything else is guessing.
