$BTC fell from US$80,794 to US$67,568 in 7 days. Those who chased the price paid dearly. Today's lesson: the pullback.
After a strong move, the patient trader doesn't chase the price—they wait for a retest of the broken level.
With $BTC , the US$71,255 support was lost yesterday and turned into resistance. That's where the retest zone is: if the price returns to US$71,255 and gets rejected—a long upper wick and a close below the level—confirmation appears.
Where would the stop go? In an educational example, above US$72,727, the next resistance. If the price closes above that level, the idea is invalidated.
The classic mistake is the opposite: entering at the top of the move out of FOMO, near US$80,000, without waiting for any confirmation.
Today's data: $BTC at US$68,710, -4.26% in 24h and -14.26% in 7 days, RSI-14 at 15.1, deeply oversold. A sharp drop isn't an invitation to buy impulsively—it's a reason to wait for the right level.
Patience is a position. Do you wait for the retest or jump in impulsively? 👇
#Bitcoin #Trading #CryptoVision
After a strong move, the patient trader doesn't chase the price—they wait for a retest of the broken level.
With $BTC , the US$71,255 support was lost yesterday and turned into resistance. That's where the retest zone is: if the price returns to US$71,255 and gets rejected—a long upper wick and a close below the level—confirmation appears.
Where would the stop go? In an educational example, above US$72,727, the next resistance. If the price closes above that level, the idea is invalidated.
The classic mistake is the opposite: entering at the top of the move out of FOMO, near US$80,000, without waiting for any confirmation.
Today's data: $BTC at US$68,710, -4.26% in 24h and -14.26% in 7 days, RSI-14 at 15.1, deeply oversold. A sharp drop isn't an invitation to buy impulsively—it's a reason to wait for the right level.
Patience is a position. Do you wait for the retest or jump in impulsively? 👇
#Bitcoin #Trading #CryptoVision
