Last week a trader I know kept adding on every green candle, convinced the low was already in.
That's the pain most of us know too well. You buy the bounce, price slips another few thousand, and the exit you mapped out never shows up.
The read right now is simple. A continuation lower looks very likely, and the first targets are the weekly low around 80.3k and then the 80k low itself.
I've watched this pattern before. Through late 2021 and into 2022, $BTC would lose a weekly low, bounce just enough to drag buyers back in, then walk down to the next round number before any real base formed. Same structure, different price. If that weekly low doesn't get reclaimed quickly, 80k becomes the magnet, and $ETH usually follows rather than leads when Bitcoin is this heavy.
Where do you think this goes from here if 80k doesn't hold?
#Bitcoin #Crypto #BTC
That's the pain most of us know too well. You buy the bounce, price slips another few thousand, and the exit you mapped out never shows up.
The read right now is simple. A continuation lower looks very likely, and the first targets are the weekly low around 80.3k and then the 80k low itself.
I've watched this pattern before. Through late 2021 and into 2022, $BTC would lose a weekly low, bounce just enough to drag buyers back in, then walk down to the next round number before any real base formed. Same structure, different price. If that weekly low doesn't get reclaimed quickly, 80k becomes the magnet, and $ETH usually follows rather than leads when Bitcoin is this heavy.
Where do you think this goes from here if 80k doesn't hold?
#Bitcoin #Crypto #BTC