๐ BTC/USDT | My Bitcoin plan: Buy or sell? ๐๐ฅ
The market is currently at important levels, so instead of entering randomly, Iโm watching for price action confirmation first. ๐
๐ข Buy scenario ๐
If Bitcoin breaks above 84,250$ and a candle closes above it, then the price returns to retest the level and holds above it, Iโll watch for a potential hypothetical buy opportunity, with possible targets at:
๐ฏ First target: $85,000
๐ฏ Second target: $86,000
๐ด Sell scenario ๐
If the price fails to break through resistance, then breaks below 82,500$ and a candle closes beneath it, Iโll watch for a bearish scenario, monitoring the following levels:
๐ฏ First target: $81,500
๐ฏ Second target: $80,900
โธ๏ธ When will I stay out?
If the price continues moving between 82,500$ and 84,250$ without a clear direction, Iโll wait, because movement within the range could give us misleading signals.
๐ก๏ธ Risk management before any trade:
Donโt enter just because the price touches a level.
Wait for the candle to close and, where possible, for a retest.
Set a point that invalidates the scenario before entering hypothetically.
Donโt chase the price if it moves without a clear opportunity.
Remember: this is a conditional plan, not a buy or sell recommendation. The levels are based on previous analysis and are not a live market update.
๐ฅ Discussion question: If BTC closes above $84,250, would you prefer to wait for a retest, or do you consider the breakout alone sufficient?
#Bitcoin #BTCUSDT #BinanceSquare #CryptoAnalysis #TechnicalAnalysis #BitcoinTrading
The market is currently at important levels, so instead of entering randomly, Iโm watching for price action confirmation first. ๐
๐ข Buy scenario ๐
If Bitcoin breaks above 84,250$ and a candle closes above it, then the price returns to retest the level and holds above it, Iโll watch for a potential hypothetical buy opportunity, with possible targets at:
๐ฏ First target: $85,000
๐ฏ Second target: $86,000
๐ด Sell scenario ๐
If the price fails to break through resistance, then breaks below 82,500$ and a candle closes beneath it, Iโll watch for a bearish scenario, monitoring the following levels:
๐ฏ First target: $81,500
๐ฏ Second target: $80,900
โธ๏ธ When will I stay out?
If the price continues moving between 82,500$ and 84,250$ without a clear direction, Iโll wait, because movement within the range could give us misleading signals.
๐ก๏ธ Risk management before any trade:
Donโt enter just because the price touches a level.
Wait for the candle to close and, where possible, for a retest.
Set a point that invalidates the scenario before entering hypothetically.
Donโt chase the price if it moves without a clear opportunity.
Remember: this is a conditional plan, not a buy or sell recommendation. The levels are based on previous analysis and are not a live market update.
๐ฅ Discussion question: If BTC closes above $84,250, would you prefer to wait for a retest, or do you consider the breakout alone sufficient?
#Bitcoin #BTCUSDT #BinanceSquare #CryptoAnalysis #TechnicalAnalysis #BitcoinTrading