$BTC Only moved about $700 in 24 hours. The longer it consolidates, the sharper the breakout?
Around $75,600 in the morning and $75,820 by noon—only about a $200 move in half a day.
The 24-hour high was $76,152 and the low was $75,453, a range of less than 1%. Price is still hovering around $75,000 and the 50-week moving average at $75,733.
A tight range doesn’t mean there’s no direction; it means momentum is building. Watch three things before making a move.
First, does the closing price hold above $76,150 or fall below $75,450? Wicks don’t count.
Second, a breakout needs volume. Breakouts without volume often reverse on Monday.
Third, don’t chase a weekend breakout—wait for Monday’s close before calling it.
A move back above $77,000 would give the short-term weakness some breathing room; a drop below $75,000 would take weakness down another notch.
Just my personal opinion, not investment advice. Follow me to see how Monday’s close confirms the move.
Around $75,600 in the morning and $75,820 by noon—only about a $200 move in half a day.
The 24-hour high was $76,152 and the low was $75,453, a range of less than 1%. Price is still hovering around $75,000 and the 50-week moving average at $75,733.
A tight range doesn’t mean there’s no direction; it means momentum is building. Watch three things before making a move.
First, does the closing price hold above $76,150 or fall below $75,450? Wicks don’t count.
Second, a breakout needs volume. Breakouts without volume often reverse on Monday.
Third, don’t chase a weekend breakout—wait for Monday’s close before calling it.
A move back above $77,000 would give the short-term weakness some breathing room; a drop below $75,000 would take weakness down another notch.
Just my personal opinion, not investment advice. Follow me to see how Monday’s close confirms the move.
