Currently, there are two main scenarios that I am following:
#1: Re-test the upper levels of the last range and continue the overall upward trend from there.
#2: Then we remove the lowest levels of the last range and continue climbing from there.
Given the previous bull cycle, the breakout structure looked very similar to what we are seeing now.
At that time, instead of continuing to rise, the price of Bitcoin fell back to its trading range, breaking below its recent low. This led to the liquidation of most long positions before the price rose again quickly, leaving virtually no opportunity for buyers to return to the market.
From a liquidity perspective, the second scenario will be more logical.
But there’s an important problem with blindly expecting history to repeat.
The market changes.
Bitcoin is now being traded far more by institutions, and there’s no reason to assume the market structure and its liquidity dynamics will behave exactly as they did during the previous cycle.
Waiting for the "ideal" repetition of the last cycle may simply put you out of the race.
That’s precisely why I’ve already shared the specific buy options for both scenarios.
If we re-test the higher end of the range, you need to buy
If the price drops to its lowest levels, I will buy there as well.
Don’t just sit idle—get the lowest possible entry price while the market is moving.
If everyone is waiting for the exact same low entry point, don’t be surprised if market makers allow the price to move ahead of itself and leave them behind.
