Compared to yesterday, Bitcoin is still relatively optimistic. Although there’s been a period of up-and-down, it’s still fluctuating within the range. Short-term long and short both have had a few opportunities, and yesterday I gave two setups, both of which were profitable and allowed for exiting.
The current short-term structure is still within a test of the upper end of the range, around 85K–85.5K. Once the selling pressure in this area is digested, the resistance above should ease. For now, we still can’t assume a one-direction breakout. What I’m watching is whether 85.5K can be broken through effectively; or alternatively, wait for a pullback into the range to attempt entries.
The current short-term structure is still within a test of the upper end of the range, around 85K–85.5K. Once the selling pressure in this area is digested, the resistance above should ease. For now, we still can’t assume a one-direction breakout. What I’m watching is whether 85.5K can be broken through effectively; or alternatively, wait for a pullback into the range to attempt entries.
