$BTC — Don't long here. Two paths forward:
1. Deviation fake-out: price retraces the entire move over a couple weeks, then sweeps prior lows around 74K. This scenario fades fast if weekly candles keep closing above old range highs.
2. New range consolidation: $BTC builds a multi-month base in the 80K zone before the next leg higher. This is gaining probability with each weekly close above the previous highs.
Scenario 2 is already looking more likely. Either way, longing here doesn't make sense — wait for optimal entries in the green zones.
Why only longs? The trend has shifted. Shorting is now against the trend. Stay patient, respect the structure, and let the setup come to you.
1. Deviation fake-out: price retraces the entire move over a couple weeks, then sweeps prior lows around 74K. This scenario fades fast if weekly candles keep closing above old range highs.
2. New range consolidation: $BTC builds a multi-month base in the 80K zone before the next leg higher. This is gaining probability with each weekly close above the previous highs.
Scenario 2 is already looking more likely. Either way, longing here doesn't make sense — wait for optimal entries in the green zones.
Why only longs? The trend has shifted. Shorting is now against the trend. Stay patient, respect the structure, and let the setup come to you.