If you're still treating a daily close under the range lows as a confirmed breakdown, stop now.
That call is how people donate their position. You exit into the fear, the market snaps back, and the only thing confirmed is that you sold the low.
Both sides have a story today. Breakdown traders will tell you $BTC closed the day below the range, so the structure failed and lower is the path. The other side has a recent receipt. Last time price deviated under the lows of the previous range, a lot of people said the same thing, then Bitcoin pumped roughly 6%, erased the entire dump, and closed the week right back near the highs of that range.
That's why the weekly close matters more than this daily print. I'm not leaning breakdown until that candle is in. Close back above $83k and there's a decent chance we just watched another failed move, not a real trend shift. If you're in $ETH or anything that still follows Bitcoin, you're trading that same decision whether you meant to or not.
Where do you think this weekly close actually lands?
#Bitcoin #BTC #Crypto
That call is how people donate their position. You exit into the fear, the market snaps back, and the only thing confirmed is that you sold the low.
Both sides have a story today. Breakdown traders will tell you $BTC closed the day below the range, so the structure failed and lower is the path. The other side has a recent receipt. Last time price deviated under the lows of the previous range, a lot of people said the same thing, then Bitcoin pumped roughly 6%, erased the entire dump, and closed the week right back near the highs of that range.
That's why the weekly close matters more than this daily print. I'm not leaning breakdown until that candle is in. Close back above $83k and there's a decent chance we just watched another failed move, not a real trend shift. If you're in $ETH or anything that still follows Bitcoin, you're trading that same decision whether you meant to or not.
Where do you think this weekly close actually lands?
#Bitcoin #BTC #Crypto