Why is nobody talking about $BTC putting in a local bottom right after reclaiming the range lows?
Most traders keep fading these moves expecting lower prices, only to get trapped as price holds and grinds up. That's how you miss the actual turn and end up chasing later.
Price is finding real acceptance above those lows now. On the lower timeframes $BTC has printed a higher low and sits right at the edge of a higher high. This looks like a textbook case of the bottom forming rather than more downside. Continuation into the $85k region makes sense because that's where most of the short-term liquidity currently sits. If momentum carries through that level we could see a broader recovery, with $ETH likely following the same structure.
Where do you think this goes from here?
#Bitcoin #Crypto #Trading
Most traders keep fading these moves expecting lower prices, only to get trapped as price holds and grinds up. That's how you miss the actual turn and end up chasing later.
Price is finding real acceptance above those lows now. On the lower timeframes $BTC has printed a higher low and sits right at the edge of a higher high. This looks like a textbook case of the bottom forming rather than more downside. Continuation into the $85k region makes sense because that's where most of the short-term liquidity currently sits. If momentum carries through that level we could see a broader recovery, with $ETH likely following the same structure.
Where do you think this goes from here?
#Bitcoin #Crypto #Trading
