๐ง The 68K failure wasn't random โ and here's what the market tells us
I lean towards hitting 59K before any real pump
Reason: The 68K failure was clear, and the market needs a "cleanse" at 59-60K to build a solid bottom
Best buy scenario: Wait for 59,500-60,000 with a confirmed bounce on the 4h ๐ฏ
$BTC #BTC
Best buy scenario: Wait for 59,500-60,000 with a confirmed bounce on the 4h ๐ฏ
Weekly RSI: 42 โ Not oversold yet
Weekly MACD: Bearish โ Hasn't completed its cycle
Volume: Low on the bounce = Weak buying momentum
The 68K failure wasn't random:
Came in without enough volume
Didn't break resistance properly
The bounce was quick = Waiting sellers ๐ด
"Cleaning 59K" is a structural necessity:
The market needs to:
Catch stop-losses under 60K
Last-minute capitulation
Build a real buy base ๐ฏ
Wait for $59,500-60,000
Confirmation on 4h: Bullish engulfing candle or RSI divergence
Enter with 50%
And the rest if it touches $57,000-58,000
Stop loss: Under $56,500
This content is not investment advice โ do your own research
Support us by liking, following, sharing, and share your opinion in the comments! This way you contribute to spreading the idea and keeping the content free for everyone
I lean towards hitting 59K before any real pump
Reason: The 68K failure was clear, and the market needs a "cleanse" at 59-60K to build a solid bottom
Best buy scenario: Wait for 59,500-60,000 with a confirmed bounce on the 4h ๐ฏ
$BTC #BTC
Best buy scenario: Wait for 59,500-60,000 with a confirmed bounce on the 4h ๐ฏ
Weekly RSI: 42 โ Not oversold yet
Weekly MACD: Bearish โ Hasn't completed its cycle
Volume: Low on the bounce = Weak buying momentum
The 68K failure wasn't random:
Came in without enough volume
Didn't break resistance properly
The bounce was quick = Waiting sellers ๐ด
"Cleaning 59K" is a structural necessity:
The market needs to:
Catch stop-losses under 60K
Last-minute capitulation
Build a real buy base ๐ฏ
Wait for $59,500-60,000
Confirmation on 4h: Bullish engulfing candle or RSI divergence
Enter with 50%
And the rest if it touches $57,000-58,000
Stop loss: Under $56,500
This content is not investment advice โ do your own research
Support us by liking, following, sharing, and share your opinion in the comments! This way you contribute to spreading the idea and keeping the content free for everyone