$BTC is stuck at 82,038, not moving. This kind of grinding market really messes with your head.
I’m bullish, but I’m getting a little itchy to trade and worry about getting trapped if I chase the price higher. Market breadth is at 78.6% right now, with 8 of 11 coins up, which suggests the money hasn’t left—it’s just rotating between Bitcoin and Dogecoin. $BTC ’s trading volume is 808.1M. Volume isn’t particularly high, but it hasn’t dried up completely either, so I’d call this a steady advance.
My plan is simple: stay put around the current price and wait for a pullback. If $BTC falls back to the 81,200–81,500 range, I plan to try a small long position. This area marks the lower end of yesterday’s consolidation and is also a psychological level. If it breaks below 80,800, my bullish thesis is invalidated. I’ll accept the loss and exit—no holding on stubbornly.
As for targets, first up is 82,500, a previous high and resistance level. If it holds above that, I’ll look toward the 83,000 area. $ETH ’s long/short ratio is elevated at 3.45, which feels a bit overheated, so I’m staying away and keeping my eyes on Bitcoin.
Going long on $BTC .
#Binance #BTC #ETH #TradingPsychology
I’m bullish, but I’m getting a little itchy to trade and worry about getting trapped if I chase the price higher. Market breadth is at 78.6% right now, with 8 of 11 coins up, which suggests the money hasn’t left—it’s just rotating between Bitcoin and Dogecoin. $BTC ’s trading volume is 808.1M. Volume isn’t particularly high, but it hasn’t dried up completely either, so I’d call this a steady advance.
My plan is simple: stay put around the current price and wait for a pullback. If $BTC falls back to the 81,200–81,500 range, I plan to try a small long position. This area marks the lower end of yesterday’s consolidation and is also a psychological level. If it breaks below 80,800, my bullish thesis is invalidated. I’ll accept the loss and exit—no holding on stubbornly.
As for targets, first up is 82,500, a previous high and resistance level. If it holds above that, I’ll look toward the 83,000 area. $ETH ’s long/short ratio is elevated at 3.45, which feels a bit overheated, so I’m staying away and keeping my eyes on Bitcoin.
Going long on $BTC .
#Binance #BTC #ETH #TradingPsychology