Hey guys, it's been a few days since my last post. Just a quick update on BTC. Now i'm still remain bearish at this current time. Here are some the reasons why beside all the negative onchain date. However, it the price can push through all my resistance area it will certainly trigger my stoploss.

Now as you can see one white trendline that stands out and this one is from the past, pretty strong one, acting as support and resistance all the way back in 2022, 4 years ago. Now we are dancing along it. If BTC can break with strong momentum into a different area. This will invalid my trade.

Best case scenario is where the price can get down to all the green area. Where we can accumulate with volume to push price back to fair.

#Staysafetrading

BTCUSDT

Perp

62,702.3

-1.94%