UPDATE BTC HEALTH BEFORE ANY LONG/SHORT GUYS
$BTC is currently sideways around 85~93k as I mentioned yesterday.
The structure that MM is driving BTC is following the classic Triangle Pattern Trading, in this pattern there are many types, currently it is a Symmetrical Triangle, slightly bearish short-term because the previous trend was down, the strong support area remains at 84k.
Scenario:
- If today BTC has strong buying pressure pushing it back up to 93k, then the possibility in the next week will break above 95~96k soon.
- BTC just closed a daily candle in a star pattern quite bearishly. If today it closes red again on the 1D, then the possibility is that it will test the strong support area of 84k again 🫣😬
During this period, be careful about LONG SHORT because strong VOL is needed to confirm.
😭😓REALLY TIRED OF THIS
