⚠️ BTC Update: Can we hold $65k or is $60k next? 📉
The market sentiment has hit "Extreme Fear" (Index at 13/100), and $BTC is fighting for its life at the $66,000 support level.
• The Bull Case: We are seeing a massive "Deleveraging" event. If the liquidations stop here, a relief bounce to $72,000 is likely as shorts get squeezed.
• The Bear Case: A break below the $65,000 psychological floor could open the doors for a sweep of the $60,000 liquidity zone.
Pro Tip: While BTC looks shaky, Real World Assets (RWA) are showing huge divergence and holding strong. Smart money is rotating…!!
Are you: 💎 Holding through the pain or 🐻 Expecting a deeper dip? Let me know your plan below! 👇
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How to Trade the Consolidation: A 3-Step Survival Guide
When the market is moving sideways, most traders lose money by "over-trading" the middle. Here is how to play it like a pro:
1. Identify the "No-Trade Zone": Look at the chart and mark the highest and lowest points the price has hit in the last week (for Bitcoin, that’s currently $65,000 and $70,000). If the price is in the middle, do nothing. This is where "stop-losses" go to die.
2. Wait for the "Fake-Out": In high-fear markets, the price often dips below support (like a quick drop to $64,500) just to trick people into selling before it zooms back up. Don't panic-sell the dip; wait for a "candle close" back inside the range to confirm it was a trap.
3. The 1% Rule: Never risk more than 1% of your total balance on a single trade. If you have $1,000, your loss should never exceed $10. This keeps you in the game even if the market throws a curveball.
Key Takeaway: In a sideways market, patience is your most profitable indicator. The breakout is coming so make sure you still have capital left to trade it…!! $BTC $ETH $$BNB