BTC is still sitting at $76,200 as mentioned in my previous post, right above support, and I still don’t trust a bounce here.
If you saw my previous post about the market update, you know what I said. I told you I expect $BTC to move between two zones for the next few days:
- Support: $74,600 to $75,500
- Resistance: $81,000 to $82,000
That is exactly what is happening. Price fell from the top of the range and is now near the bottom.
What I see at support
The $74,600 to $75,500 zone is a strong area. On the chart, price should bounce from here. That is the normal move.
But when I look at the news and the charts together, I don’t see strong buying coming in. No real momentum.
So here is my read:
- If we get a bounce, it may be small, around $2,500
- That kind of bounce can trap buyers who jump in too early
- After that, I expect price to move lower again over the coming days
What if support breaks?
If $BTC loses $74,600, my next area to watch is $67,500 to $68,000. That is the next level where I expect buyers to show up.
Please don’t use these levels as signals
This part matters more than the levels.
A level does not mean “buy here” or “short here.” It only tells you where price may react. Don’t long or short just because price touches it.
What works better:
- Look at the market from one direction only
- Decide your setup before price gets there
- Wait for it
For example, if price is at $81,000 and you want to long, don’t chase it. Wait for $75,000. It can take one, two, or three days. That’s fine.
Waiting is a skill. Most people lose money because the market makes them panic, and they take a bad trade out of boredom or fear. Then they get stuck.
Patience keeps you in the game longer than any indicator.
If $BTC bounces $2,000 off $75,000 and then fails, would you call that a real setup or a trap for early buyers?
Not Financial Advice (DYOR)
#JobsReportRaisesHikeOdds #BTC
If you saw my previous post about the market update, you know what I said. I told you I expect $BTC to move between two zones for the next few days:
- Support: $74,600 to $75,500
- Resistance: $81,000 to $82,000
That is exactly what is happening. Price fell from the top of the range and is now near the bottom.
What I see at support
The $74,600 to $75,500 zone is a strong area. On the chart, price should bounce from here. That is the normal move.
But when I look at the news and the charts together, I don’t see strong buying coming in. No real momentum.
So here is my read:
- If we get a bounce, it may be small, around $2,500
- That kind of bounce can trap buyers who jump in too early
- After that, I expect price to move lower again over the coming days
What if support breaks?
If $BTC loses $74,600, my next area to watch is $67,500 to $68,000. That is the next level where I expect buyers to show up.
Please don’t use these levels as signals
This part matters more than the levels.
A level does not mean “buy here” or “short here.” It only tells you where price may react. Don’t long or short just because price touches it.
What works better:
- Look at the market from one direction only
- Decide your setup before price gets there
- Wait for it
For example, if price is at $81,000 and you want to long, don’t chase it. Wait for $75,000. It can take one, two, or three days. That’s fine.
Waiting is a skill. Most people lose money because the market makes them panic, and they take a bad trade out of boredom or fear. Then they get stuck.
Patience keeps you in the game longer than any indicator.
If $BTC bounces $2,000 off $75,000 and then fails, would you call that a real setup or a trap for early buyers?
Not Financial Advice (DYOR)
#JobsReportRaisesHikeOdds #BTC
