Bitcoin just hit the strong resistance zone that many traders have been waiting for. The current reaction is quite noteworthy:
Quick analysis:
🔸Despite being rejected at resistance, the selling pressure is extremely weak (not even 2%).
🔸A significant dump on a larger timeframe usually requires at least a daily candlestick dropping -5% or more. That hasn't happened yet → the scenario is still very open.
Clear trading strategy:
🔸Absolutely do not go long right at resistance (golden rule).
🔸Bearish scenario is more favorable: Consider a Small Short to test the liquidity, but keep a tight stop-loss because the market is prone to sudden reversals.
🔸If BTC flips and holds this resistance zone → it will open up the next strong rally.
In summary:
The market is in an extremely sensitive position. This is not the time to go all-in or stack orders; it’s time to closely observe Price Action and maintain high discipline.
What are you all thinking? Have you hopped on the Short train or are you still on the sidelines watching? Share your weekend scenario! Wishing everyone a green trading weekend and stay disciplined! 💪
#BTC #bitcoin #CryptoTrading #BinanceSquare
