๐ฅ The calm before the storm... and the market tests everyone's patience! ๐ฅ
๐ Minutes after the negative close, all closes came below resistance... the picture is not entirely clear, but I am in the market from the lows, and I have cash ready for any scenario.
๐ฐ I decided to enhance my cash position, as Friday's bounces are often "dead cat bounces" amid the weekend and the risks of corrections without support from the actual market.
๐ I opened two sell orders at $BTC and $ETH from the top, with no losses, and the stop loss at the entry point... now I am just watching.
๐ฎ Potential scenarios after Bitcoin closed below 109,967:
1โฃ Aggressive drop over the weekend
Exploiting liquidity weakness to hit levels 107,270 then 105,130 โ 106,250
Breaking this range = the door is open towards 90K
2โฃ Stability below resistance until Monday
Bitcoin calms down, and altcoins begin a partial correction after September's bleed
3โฃ Fake breakout over the weekend
Worst-case scenario... because breakouts over the weekend often fail and leave gaps that are filled later
โ ๏ธ The market is now at a critical moment... and close monitoring is the strongest weapon
๐ฒ Follow channel #CryptoEmad for real-time analysis and decisions before the market moves
#BitcoinOutlook #WeekendVolatility #SmartTrading #CryptoRiskManagement