đ BTC Weekend Check-in: $63,041 and the market is holding its breath.
Fear & Greed at 34 (Fear zone). Volume drying up. Price compressed in a tight range.
4H chart: RSI at 38, MACD bearish, but price refusing to break down.
Daily chart: Below all major MAs. Still in a downtrend structure.
This is the calm before something. Two scenarios:
đ Bull case: Break above $65K â target $70K
đ» Bear case: Break below $60K â target $55-57K
đŻ The Play: Range trade with caution
â Long entry: $60.5K-$62K zone
â TP1: $66K | TP2: $70K
â SL: $59K
â R:R = 2.1:1
Weekend moves are often fake moves. Monday will tell us everything.
Are you positioned or sitting in cash? đ
#Bitcoin #BTC #DYOR
â ïž Not financial advice. Always DYOR and manage risk.
Fear & Greed at 34 (Fear zone). Volume drying up. Price compressed in a tight range.
4H chart: RSI at 38, MACD bearish, but price refusing to break down.
Daily chart: Below all major MAs. Still in a downtrend structure.
This is the calm before something. Two scenarios:
đ Bull case: Break above $65K â target $70K
đ» Bear case: Break below $60K â target $55-57K
đŻ The Play: Range trade with caution
â Long entry: $60.5K-$62K zone
â TP1: $66K | TP2: $70K
â SL: $59K
â R:R = 2.1:1
Weekend moves are often fake moves. Monday will tell us everything.
Are you positioned or sitting in cash? đ
#Bitcoin #BTC #DYOR
â ïž Not financial advice. Always DYOR and manage risk.