"Plan $BTC
daily" days 64 (2/9)
Lately, I've been too lazy to post plans, but I'm still updating them fully in the group for everyone, so if you don't want to miss any plans, join the group, okay
BTC is currently showing a fairly weak structure after being repeatedly rejected in the upper region. The most recent recovery hasn't created a clear breakout, while below, there's still an unswept liquidity zone
The scenario I'm leaning toward is that BTC won't drop straight down right from the current position.
It's highly likely that price will have a recovery leg up first, retest the nearest resistance zone and create a few more sideways moves to attract liquidity. If it can't hold the bullish structure after this recovery, BTC could start a stronger downward leg.
What I want to see is:
↑ short recovery
→ retest resistance zone
→ create lower high
↓ lose structure
↓ continue expanding downside
The target for this scenario is the 75K zone, where BTC might find a reaction and form a new recovery leg.
So I'm not prioritizing chasing orders at the current time. The most important thing is to wait for BTC to complete the recovery leg and confirm rejection.
If price strongly reclaims the resistance zone and holds above it, the bearish scenario will need to be reassessed. $BTC #45NgayTuDoTaiChinh
NFA - DYOR
daily" days 64 (2/9)
Lately, I've been too lazy to post plans, but I'm still updating them fully in the group for everyone, so if you don't want to miss any plans, join the group, okay
BTC is currently showing a fairly weak structure after being repeatedly rejected in the upper region. The most recent recovery hasn't created a clear breakout, while below, there's still an unswept liquidity zone
The scenario I'm leaning toward is that BTC won't drop straight down right from the current position.
It's highly likely that price will have a recovery leg up first, retest the nearest resistance zone and create a few more sideways moves to attract liquidity. If it can't hold the bullish structure after this recovery, BTC could start a stronger downward leg.
What I want to see is:
↑ short recovery
→ retest resistance zone
→ create lower high
↓ lose structure
↓ continue expanding downside
The target for this scenario is the 75K zone, where BTC might find a reaction and form a new recovery leg.
So I'm not prioritizing chasing orders at the current time. The most important thing is to wait for BTC to complete the recovery leg and confirm rejection.
If price strongly reclaims the resistance zone and holds above it, the bearish scenario will need to be reassessed. $BTC #45NgayTuDoTaiChinh
NFA - DYOR
