Bitcoin Is Still Looking Strong! ๐
Bears are in shock right now. Despite having plenty of macro FUD and bearish narratives going for them, $BTC just ate it for breakfast ๐ฅ.
There are still no signs of a major correction, and the bulls look fully in control. We just got a clean breakout above the horizontal resistance line (you can see the grey line on the weekly chart below).
If this momentum holds, the next stop where we might actually see a major pullback is the red resistance zone between $90,000 and $97,000.
Long positions remain intact! ๐
Shorters, youโll likely need to stay patient until we hit that red zone. From there, I expect a potential correction of -$5,000 to -$7,000.
What are your thoughts? What positions are you holding right now?..
Bears are in shock right now. Despite having plenty of macro FUD and bearish narratives going for them, $BTC just ate it for breakfast ๐ฅ.
There are still no signs of a major correction, and the bulls look fully in control. We just got a clean breakout above the horizontal resistance line (you can see the grey line on the weekly chart below).
If this momentum holds, the next stop where we might actually see a major pullback is the red resistance zone between $90,000 and $97,000.
Long positions remain intact! ๐
Shorters, youโll likely need to stay patient until we hit that red zone. From there, I expect a potential correction of -$5,000 to -$7,000.
What are your thoughts? What positions are you holding right now?..
