Still holding my short on $BTC âŠ
Will this age well? đ
$BTC just ripped to an 8-month high near $87,300 and is consolidating around $85,800â$86,500. Momentum is strong after the short squeeze, but Iâm watching for signs of exhaustion.
**Future $BTC Trading Outlook**
- Short-term: Bulls remain in control. A clean break above $87,500 could open the path toward $90,000â$92,000.
- Pullback zone: $83,000â$84,000 is key support. A rejection from current levels with declining volume would favor shorts.
- Strategy: Tight risk management is essential. Consider partial profit-taking on any sharp rejection or wait for a clear lower high before adding to shorts.
Whatâs your bias from here â continuation or reversal?
**Disclaimer:** This is not financial advice. Cryptocurrency trading involves significant risk of loss. Always do your own research and only invest what you can afford to lose.
#BÄ°NANCE
#BTC
#bitcoin
#CryptoTrading
#trading
Will this age well? đ
$BTC just ripped to an 8-month high near $87,300 and is consolidating around $85,800â$86,500. Momentum is strong after the short squeeze, but Iâm watching for signs of exhaustion.
**Future $BTC Trading Outlook**
- Short-term: Bulls remain in control. A clean break above $87,500 could open the path toward $90,000â$92,000.
- Pullback zone: $83,000â$84,000 is key support. A rejection from current levels with declining volume would favor shorts.
- Strategy: Tight risk management is essential. Consider partial profit-taking on any sharp rejection or wait for a clear lower high before adding to shorts.
Whatâs your bias from here â continuation or reversal?
**Disclaimer:** This is not financial advice. Cryptocurrency trading involves significant risk of loss. Always do your own research and only invest what you can afford to lose.
#BÄ°NANCE
#BTC
#bitcoin
#CryptoTrading
#trading