$BTC This week's scenario
Main scenario:
• Price rejected at the 70k area
• → Reversal to test again:
• 65k
• Worse: 60k
This is a reasonable scenario because:
• D1 trend is still decreasing
• H4 does not have enough strength to break
Alternative scenario:
• Strong break at 70k
• → Could rise to:
• 73k-75k
But note:
• If it rises here and cannot hold → bull trap
Strategy:
If you prefer SHORT:
• Target zone: 68k – 69k
• SL: above 70k
• TP:
• 65k
• 62k
• 60k
If you want LONG:
• Only scalp long at the 65k area
• Or wait for a clear break at 70k and then follow the trend
Main scenario:
• Price rejected at the 70k area
• → Reversal to test again:
• 65k
• Worse: 60k
This is a reasonable scenario because:
• D1 trend is still decreasing
• H4 does not have enough strength to break
Alternative scenario:
• Strong break at 70k
• → Could rise to:
• 73k-75k
But note:
• If it rises here and cannot hold → bull trap
Strategy:
If you prefer SHORT:
• Target zone: 68k – 69k
• SL: above 70k
• TP:
• 65k
• 62k
• 60k
If you want LONG:
• Only scalp long at the 65k area
• Or wait for a clear break at 70k and then follow the trend