Post
Psychology especiallest
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$BTC $BTC
We're currently seeing the bounce I was talking about in some of my previous posts.
Price is up roughly 5.5% since the sweep of the $60k low and now approaching the key breakdown zone between $64k-$66k.
This is where I will be watching closely for a reaction. If we see signs of weakness trading into that resistance area, I will most likely look for a short with the recent low at $59k as my target.
If BTC manages to reclaim this zone, however, it would mean re-entering the previous range. In that case, a move towards the quarterly open at $68k becomes increasingly likely, which also lines up well with the 0.5 Fib level of the recent down move.
Beyond that, I would expect some more choppy sideways price action before BTC eventually decides on its next major move.$BTC
{spot}(BTCUSDT)
$ETH
{spot}(ETHUSDT)
BitcoinEndsSevenDayLossStreakAbove$63K
We're currently seeing the bounce I was talking about in some of my previous posts.
Price is up roughly 5.5% since the sweep of the $60k low and now approaching the key breakdown zone between $64k-$66k.
This is where I will be watching closely for a reaction. If we see signs of weakness trading into that resistance area, I will most likely look for a short with the recent low at $59k as my target.
If BTC manages to reclaim this zone, however, it would mean re-entering the previous range. In that case, a move towards the quarterly open at $68k becomes increasingly likely, which also lines up well with the 0.5 Fib level of the recent down move.
Beyond that, I would expect some more choppy sideways price action before BTC eventually decides on its next major move.$BTC
{spot}(BTCUSDT)
$ETH
{spot}(ETHUSDT)
BitcoinEndsSevenDayLossStreakAbove$63K