๐จ $BTC ANALYSIS โ OCTOBER 20 ๐
Bitcoin continues to follow our expected scenario. No major changes on the chart.
BTC failed to break above the Ichimoku Cloud, which remains a strong dynamic resistance level, keeping pressure on the price.
๐ My SHORT position remains open.
โ Currently in slight profit
๐ฏ $80,700 โ Main take-profit target
๐ฏ $79,000 โ Extended target if BTC breaks its recent low
Iโll secure most of my profits at $80.7K and leave a small position open for a potential move toward $79K.
๐ What to watch this week:
โข Tesla & Meta earnings reports
โข Key US macroeconomic data
โข Fridayโs options expiration โ potential volatility spike
For now, I expect BTC to remain range-bound. No major changes in market structure yet.
๐ฌ Whatโs your BTC prediction โ $79K or a breakout higher?
#bitcoin #BTCUSDT #cryptotrading #BinanceSquare
Bitcoin continues to follow our expected scenario. No major changes on the chart.
BTC failed to break above the Ichimoku Cloud, which remains a strong dynamic resistance level, keeping pressure on the price.
๐ My SHORT position remains open.
โ Currently in slight profit
๐ฏ $80,700 โ Main take-profit target
๐ฏ $79,000 โ Extended target if BTC breaks its recent low
Iโll secure most of my profits at $80.7K and leave a small position open for a potential move toward $79K.
๐ What to watch this week:
โข Tesla & Meta earnings reports
โข Key US macroeconomic data
โข Fridayโs options expiration โ potential volatility spike
For now, I expect BTC to remain range-bound. No major changes in market structure yet.
๐ฌ Whatโs your BTC prediction โ $79K or a breakout higher?
#bitcoin #BTCUSDT #cryptotrading #BinanceSquare