The price of Bitcoin is dealing in the critical zone before the weekly close. The $X,XXX level is the line in the sand. What happens in the next 24h will define whether we see a deep correction or a push towards new highs.
Here is your 3-point action plan:
1️⃣ MONITOR the Confirmation Level (The KEY Level)
If $BTC closes above $X,XXX (the previous high or crucial resistance), the bullish trend is strongly confirmed. Look for targets in the $Y,YYY area.
If $BTC crosses below $Z, ZZZ (the immediate support or moving average), expect a possible profit-taking and correction to the next support at $A, AAA. Don't panic! A correction is healthy.
2️⃣ REVIEW your Leveraged Positions
If you have leveraged longs, it's time to adjust your stop-loss to a break-even point or move it to profits. Weekend volatility can easily liquidate.
Remember: the market does not always go up in a straight line. Prioritize capital protection over quick gains.
3️⃣ PREPARE your Buy Orders (Smart DCA)
If the correction occurs (Scenario 2), have buy orders (limit orders) ready to do DCA (Dollar-Cost Averaging) at strong support levels ($A, AAA and $B, BBB).
Don't invest everything at once. Reserve capital to take advantage of possible discounts.
The market is going to move strongly. Patience is your best asset.
What will you do? Will you buy the dip or secure profits? Comment below! 👇
BTC
87,414.19
+1.35%
#bitcoin #BTC #AnalisisTecnico #Write2Earn #BinanceSquare
