A weekend market like this can easily make a lot of brothers “lose sleep” for real! 📉📈
After a breakout surge into the $87,000 zone, $BTC is now showing signs of stalling and consolidating sideways. The small-timeframe indicators suggest that short-term profit-taking selling pressure has started to appear, causing the flow of capital to slow down as people wait for the next piece of news.
Personally, I don’t think you should FOMO and chase the buy here anymore. When price moves sideways right beside a strong resistance zone, that’s often when whales set traps to sweep both sides—Long and Short. Just be patient and stay on the sidelines to observe, or manage your position very tightly if you already entered from below.
Tonight, do you think $BTC will hold firmly at this price area, or will there be a shakeout that sweeps liquidity before the new week starts? Comment and share your take! 💬
#Bitcoin #BTC #BinanceSquare #trading #Trading
After a breakout surge into the $87,000 zone, $BTC is now showing signs of stalling and consolidating sideways. The small-timeframe indicators suggest that short-term profit-taking selling pressure has started to appear, causing the flow of capital to slow down as people wait for the next piece of news.
Personally, I don’t think you should FOMO and chase the buy here anymore. When price moves sideways right beside a strong resistance zone, that’s often when whales set traps to sweep both sides—Long and Short. Just be patient and stay on the sidelines to observe, or manage your position very tightly if you already entered from below.
Tonight, do you think $BTC will hold firmly at this price area, or will there be a shakeout that sweeps liquidity before the new week starts? Comment and share your take! 💬
#Bitcoin #BTC #BinanceSquare #trading #Trading