$BTC Spot closed in small profits around BE.
Which is fine, as we're likely going to get a better entry, with 62.6k being the first area of interest for me.
Theoretically, The Wave 2 on the Weekly remains valid as long as we don't break below Wave 1, and the next high-confluence support zone for Wave 2 sits around 62.6k, which is likely our next stop.
If we lose that level, we'll invalidate this Wave Count and see 48.2k next, which would be even better from a long-term buying perspective.
For now, I'm fully sidelined, which is honestly a blessing in this PA...
The trend is exhausted, and bears are trying their best to keep bulls away from taking control for as long as they can.
However, Exhaustion doesn't mean an instant reversal. Sometimes, we can get a brutal exhaustion wick (exit dump) before marking the bottom and it seems like bulls are asking for it right now as they're showing no signs of strength so far.
Will drop a full update on Monday with fresh outlooks!
Which is fine, as we're likely going to get a better entry, with 62.6k being the first area of interest for me.
Theoretically, The Wave 2 on the Weekly remains valid as long as we don't break below Wave 1, and the next high-confluence support zone for Wave 2 sits around 62.6k, which is likely our next stop.
If we lose that level, we'll invalidate this Wave Count and see 48.2k next, which would be even better from a long-term buying perspective.
For now, I'm fully sidelined, which is honestly a blessing in this PA...
The trend is exhausted, and bears are trying their best to keep bulls away from taking control for as long as they can.
However, Exhaustion doesn't mean an instant reversal. Sometimes, we can get a brutal exhaustion wick (exit dump) before marking the bottom and it seems like bulls are asking for it right now as they're showing no signs of strength so far.
Will drop a full update on Monday with fresh outlooks!
