For $BTC I have noticed several things that could happen and I developed a plan based on what I researched and read in various places.
BUY ZONE
If the price corrects downward and stays between $69,000 and $71,500.
Recently, the "floor" was formed before the rebound. If the price goes back there without breaking $69k, it is an opportunity to buy.
Institutional entries into ETFs remain high, meaning there are strong buyers waiting to absorb that supply and prevent a larger drop.
SELL ZONE If the price exceeds $74,508 strongly.
If it breaks $74,508, it would confirm a bullish pattern that could drive the price to $84,000. However, due to the history of rejections in this zone, many investors are likely to take profits right after the breakout.
We are in the wolf's mouth. Above are sellers defending the resistance below, waiting to see if the support holds.
In this narrow range, the probability of the price bouncing back and liquidating your order is very high. It is better to wait for the market to break $74,000 or retest $70,000.
