$ETH has rallied into the $1.77K-$1.80K resistance zone.
The recovery has been strong.
Now buyers face their first real test.
Momentum is starting to slow.
Until this resistance is reclaimed with conviction, I remain cautiously bearish.
Here's what I'm watching:
• Resistance holding around $1.77K-$1.80K • Momentum continuing to fade • Sellers stepping back into the market • A confirmed close above $1.80K invalidating my bearish bias
💡 Key Takeaway
Strong rallies often slow down at major resistance.
The reaction that follows tells us far more than the rally itself.
💬 Would you short this resistance, or wait for a confirmed breakout?
$BTC has rallied into the $62.7K-$63.0K resistance zone after a strong relief move.
Price is now testing the recent high near $62,950, where bullish momentum appears to be slowing. Until buyers reclaim this area with conviction, I continue to favor the short side.
That's why I'm currently holding a short position.
Here's what I'm watching next:
• Resistance holding around $62.7K-$63.0K • Momentum fading below the recent high • Sellers stepping back into the market • A confirmed close above $63.0K invalidates my bearish thesis
💡 Key Takeaway
Every trade starts with a thesis.
The discipline comes from knowing exactly when that thesis is no longer valid.
📊 Market Breakdown $BTC has staged a strong relief rally, but the real test starts now.
Price is approaching a major resistance zone where momentum appears to be fading. Until buyers prove they can reclaim this level with conviction, I'm treating this move as a relief rally rather than a confirmed trend reversal.
Here's what I'm watching next:
• Rejection from key resistance • Weakening bullish momentum • Increasing selling pressure • A confirmed breakout before invalidating the bearish outlook
💡 Key Takeaway
A strong bounce isn't the same as a trend reversal.
The best trades often come from waiting for the market to confirm - or reject - the current move.