๐จ BTC WEEKLY BREAKOUT โ BUY THE PULLBACK
Bitcoin has broken above a key weekly lower high, confirming a stronger mid-term structure. Iโm not chasing the move here โ Iโm waiting for a better POI.
Three key factors behind the bullish view: 1๏ธโฃ Weekly candle closed above the previous lower high. 2๏ธโฃ CME positioning showed stronger long activity than shorts, suggesting the move isnโt purely a trap. 3๏ธโฃ Spot BTC ETFs recorded aggressive buying.
๐ฏ For a mid-term entry, the key zone Iโm watching is around $80K ยฑ $500.
The reason: significant liquidity sits around this area, with roughly $125M in liquidations reported on one exchange alone, while other exchanges have separate liquidity.
In short: let BTC pull back toward the $80K zone rather than chasing the breakout.
Patience for the better entry. ๐
$BTC
Bitcoin has broken above a key weekly lower high, confirming a stronger mid-term structure. Iโm not chasing the move here โ Iโm waiting for a better POI.
Three key factors behind the bullish view: 1๏ธโฃ Weekly candle closed above the previous lower high. 2๏ธโฃ CME positioning showed stronger long activity than shorts, suggesting the move isnโt purely a trap. 3๏ธโฃ Spot BTC ETFs recorded aggressive buying.
๐ฏ For a mid-term entry, the key zone Iโm watching is around $80K ยฑ $500.
The reason: significant liquidity sits around this area, with roughly $125M in liquidations reported on one exchange alone, while other exchanges have separate liquidity.
In short: let BTC pull back toward the $80K zone rather than chasing the breakout.
Patience for the better entry. ๐
$BTC
