$BTC - Retest Complete! Now What? 📉🧐
As I highlighted in my previous post, BTC perfectly retested that 78k-79k resistance zone and got rejected. We saw that FOMC-related volatility, and now the price action is choppy, with unclear direction in the short term.
My Take:
Short-Term: I expect BTC to trade in a consolidation range between 73k - 77k for a while.
The Goal: Still looking for a drop below 67k in early May to flush out final weakness before the next major move.
Action Plan: Any retest of 78k is still a fair, high-probability area to add short positions or hedge spot holdings.
For Spot Buyers: Be patient. We might get better entries closer to the 65k-67k zone if the market dips.
For Traders: High risk, high reward in this choppy range. Watch for a decisive break of $73,500 (lower) or $79,500 (upper).
Thoughts on this range?
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