#BTC long or short?
Price ~$76,000, the market is consolidating after liquidations of $100 million. Trading volume is high, but without spikes. Long: entry at a breakout of $77,500, stop below $75,000, target $80,500–81,000. Short: entry at a breakdown below $75,000, stop above $76,000, target $73,000–74,000.
Currently, $BTC is closer to the neutral zone, but if we break $77,500, the long scenario looks stronger. The probability of a long is higher (55%), as the structure of the uptrend is maintained. However, the market is sensitive to macro news, so consolidation is possible until the Fed meeting.
Price ~$76,000, the market is consolidating after liquidations of $100 million. Trading volume is high, but without spikes. Long: entry at a breakout of $77,500, stop below $75,000, target $80,500–81,000. Short: entry at a breakdown below $75,000, stop above $76,000, target $73,000–74,000.
Currently, $BTC is closer to the neutral zone, but if we break $77,500, the long scenario looks stronger. The probability of a long is higher (55%), as the structure of the uptrend is maintained. However, the market is sensitive to macro news, so consolidation is possible until the Fed meeting.