#BTC This round’s price action so far is very similar to the 2022 rally.
If BTC keeps following this playbook, the price will likely quickly run up toward $83,000, and then a larger pullback will follow. If this scenario plays out, it will present two very good swing-trading opportunities.
First opportunity: after the price breaks above the prior high of the larger time frame by around $82,800, and you see a signal of rejection after a push higher, you can consider going short. Referring to the fractal behavior from the 2022 price action, a reasonable target for this pullback is the prior year’s high around $69,000.
Then, when the price drops near this range, the next key opportunity will arrive—switch to swing-long to capture the next round of upward momentum.
My target is in the $90,000 to $95,000 range.
If BTC keeps following this playbook, the price will likely quickly run up toward $83,000, and then a larger pullback will follow. If this scenario plays out, it will present two very good swing-trading opportunities.
First opportunity: after the price breaks above the prior high of the larger time frame by around $82,800, and you see a signal of rejection after a push higher, you can consider going short. Referring to the fractal behavior from the 2022 price action, a reasonable target for this pullback is the prior year’s high around $69,000.
Then, when the price drops near this range, the next key opportunity will arrive—switch to swing-long to capture the next round of upward momentum.
My target is in the $90,000 to $95,000 range.
