Look at what Bitcoin is doing right now.
The price is at 85,582. The chart clearly shows a strong pump, and now it looks like it wants to cool off a bit—that’s completely normal.
Here’s what I’m seeing 👇
The 60-period moving average is at 85,519, so we’re above it, which is good. It means the trend is still upward.
But look at the volume: there was strong selling, shown by that long red candle. It means some people got scared and sold.
If it holds above 85,600 and forms a green candle with good volume, I’ll enter a quick scalp toward 86,100.
If it breaks below 85,400, I wouldn’t sell. Instead, I’d wait for it at 85,150 and buy there.
The market is volatile right now, so be patient. Don’t chase the chart.
That’s just my opinion, not financial advice. Everyone should manage their own capital.
What do you think?
The price is at 85,582. The chart clearly shows a strong pump, and now it looks like it wants to cool off a bit—that’s completely normal.
Here’s what I’m seeing 👇
The 60-period moving average is at 85,519, so we’re above it, which is good. It means the trend is still upward.
But look at the volume: there was strong selling, shown by that long red candle. It means some people got scared and sold.
If it holds above 85,600 and forms a green candle with good volume, I’ll enter a quick scalp toward 86,100.
If it breaks below 85,400, I wouldn’t sell. Instead, I’d wait for it at 85,150 and buy there.
The market is volatile right now, so be patient. Don’t chase the chart.
That’s just my opinion, not financial advice. Everyone should manage their own capital.
What do you think?