The local bottom in Bitcoin rarely looks like the one everyone is waiting for.
You've been sitting on the sidelines as $BTC dropped, scared of buying another fake bottom. That hesitation has cost more traders their entries than any actual dump ever did.
Price has now reclaimed the range lows and is finding acceptance above them. On the lower timeframes $BTC already printed a higher low and is close to a higher high. This structure showed up in past cycles right before the stronger rallies began.
From here a continuation into the $85k region is likely because that is where most of the short-term liquidity currently sits. If momentum is strong enough to break through, $ETH and $SOL could start moving in tandem the way they have after previous BTC recoveries.
Where do you think this goes from here?
#Bitcoin #CryptoTrading #TechnicalAnalysis
You've been sitting on the sidelines as $BTC dropped, scared of buying another fake bottom. That hesitation has cost more traders their entries than any actual dump ever did.
Price has now reclaimed the range lows and is finding acceptance above them. On the lower timeframes $BTC already printed a higher low and is close to a higher high. This structure showed up in past cycles right before the stronger rallies began.
From here a continuation into the $85k region is likely because that is where most of the short-term liquidity currently sits. If momentum is strong enough to break through, $ETH and $SOL could start moving in tandem the way they have after previous BTC recoveries.
Where do you think this goes from here?
#Bitcoin #CryptoTrading #TechnicalAnalysis
