🔴 BTC surging toward 80K—don’t chase｜Watch for a pullback
The last call was right: $BTC bearish, 76611 → intraday low of 75.7K (-1.1%).
$BTC bounced in a V from tonight’s low to around 79.5K and has reclaimed the EMA20/50. But after a 5% intraday surge toward the psychological 80K level, the short-term move is overheated—don’t chase. Prefer to wait for a pullback to 78.5–79K before deciding on direction. If it fails to break above 80.5, continue to watch for a retracement; only consider going long if it holds above 80.5.
Not investment advice. Manage your position size carefully 🚬
The last call was right: $BTC bearish, 76611 → intraday low of 75.7K (-1.1%).
$BTC bounced in a V from tonight’s low to around 79.5K and has reclaimed the EMA20/50. But after a 5% intraday surge toward the psychological 80K level, the short-term move is overheated—don’t chase. Prefer to wait for a pullback to 78.5–79K before deciding on direction. If it fails to break above 80.5, continue to watch for a retracement; only consider going long if it holds above 80.5.
Not investment advice. Manage your position size carefully 🚬
