๐จ $BTC: Is $65K the next stop?
Bitcoin has broken out of its descending channel, putting the $65K area firmly on the radar.
But don't assume price has to reach it.
Lately, liquidity zones have been front-run frequently, with the market reversing before reaching the obvious targets. That's why confirmation matters more than prediction.
What I'm watching:
๐ Breakout above the descending channel.
๐ฏ Key upside zone: Around $65K.
โ ๏ธ Be prepared for volatility if buyers lose momentum before reaching that level.
The trend is improving, but risk management is still the priority.
Trade the confirmationโnot the expectation.
NFA. DYOR.
Who's bullish, who's bearish, and who's waiting on the sidelines? ๐
BTC Bitcoin Crypto Trading TechnicalAnalysis RiskManagement#Writ2Earn
Bitcoin has broken out of its descending channel, putting the $65K area firmly on the radar.
But don't assume price has to reach it.
Lately, liquidity zones have been front-run frequently, with the market reversing before reaching the obvious targets. That's why confirmation matters more than prediction.
What I'm watching:
๐ Breakout above the descending channel.
๐ฏ Key upside zone: Around $65K.
โ ๏ธ Be prepared for volatility if buyers lose momentum before reaching that level.
The trend is improving, but risk management is still the priority.
Trade the confirmationโnot the expectation.
NFA. DYOR.
Who's bullish, who's bearish, and who's waiting on the sidelines? ๐
BTC Bitcoin Crypto Trading TechnicalAnalysis RiskManagement#Writ2Earn