The high has been smashed back down again
The spot price is about 119.4. Today the high is around 123.4 and the low around 117.1. In the past two days, the low has been around 116.8, and it’s still above the invalidation zone.
Two reasons: Bitcoin ran into resistance when it pushed toward 87,000 and pulled back, and the altcoins cooled off as well. On my side, I’m waiting for the range 116.5–118.5 to come up—since the invalidation level at 114.8 hasn’t been broken, I’m not chasing this price.
I’ll wait for 116.5–118.5 to hold before taking a small position. My first target is 125–127, then I’ll reassess at 132. If it breaks below 114.8, I’ll step aside first for this wave. Personal view—manage your own position size.
#Bitcoin hits $87,000 resistance and pulls back $SOL
The spot price is about 119.4. Today the high is around 123.4 and the low around 117.1. In the past two days, the low has been around 116.8, and it’s still above the invalidation zone.
Two reasons: Bitcoin ran into resistance when it pushed toward 87,000 and pulled back, and the altcoins cooled off as well. On my side, I’m waiting for the range 116.5–118.5 to come up—since the invalidation level at 114.8 hasn’t been broken, I’m not chasing this price.
I’ll wait for 116.5–118.5 to hold before taking a small position. My first target is 125–127, then I’ll reassess at 132. If it breaks below 114.8, I’ll step aside first for this wave. Personal view—manage your own position size.
#Bitcoin hits $87,000 resistance and pulls back $SOL