Bitcoin Market Update ($BTC )

Our most recent BTC trade hit take profit at 74.1k, while 74.2k remains the key level I'm closely watching. These two levels are connected, as acceptance above 74.2k would strengthen the bullish outlook and increase confidence in higher prices.

The first take-profit level was used to remove risk from the trade, but with the weekend closing and Monday's market open approaching, we chose to secure profits at 74.1k and lock in another successful trade. While I expected some resistance or a temporary pause around this area, my broader outlook remains bullish, with 75k–76k still acting as potential upside targets.

Although I remain confident in further upside, I don't see a reason to enter another position aggressively right now. We're already holding a long position, and I'd rather wait for confirmation than chase price. My strategy remains unchanged: I continue to favor long setups while price stays within or near the key support region highlighted on my chart.

Even if the remaining portion of the trade gets stopped out, it would still close as a profitable trade. However, my expectation is that price continues higher. If we do get stopped out, I'll be actively looking for another long opportunity, as the overall plan remains intact.

The new weekly open is also acting as a potential upside magnet, supporting the current bullish structure. If we see a deeper pullback early in the week, I would welcome it as a potential opportunity to re-enter long positions, provided the right confirmations appear.

What About Shorts?

At the moment, I'm generally not interested in shorting. The 76k area is one location that could attract my attention for a short-term countertrend trade, but only if price action and confirmation support it. My preference is always to trade in line with the dominant trend rather than force trades against it.

Current Biases

➡️ Weekly: Bullish — I believe the 60k low is already in.

➡️ Daily: Bullish — BTC appears to be forming a base in this region.

➡️ Hourly: Bullish, but cautious — price remains below 74.2k, though I still expect higher levels. A confirmed move and acceptance above 74.2k would strengthen the bullish case considerably.

For now, the focus remains on patience, confirmation, and continuing to trade with the trend rather than against it.

#IBITLiquidation$1.26B #StrategyHintsNewBTCBuy