Sitting here staring at the screen, I see
$BTC playing cat and mouse with some noobs. Price is at 62.7k, creeping up 0.8% and the crowd is already shouting "to the moon" or "down to the ground". Guys, chill out, the market is never as easy as those Twitter folks make it out to be.
Let’s do a bit of technical analysis to keep us grounded:
🔹 Looking at the 15-minute chart: Price is currently below the MA(20) at 62.9k and EMA(9) at 62.8k. This signals that short-term selling pressure is still heavy. Don’t rush into a LONG here or you might get squeezed dry.
🔹 On the 1-hour chart: The situation looks a bit brighter with the MA(20) supporting price at 62.3k. This is the hard support zone we need to watch. If we break this level, there's a high chance of a DUMP deeper to sweep liquidity before gaining momentum.
For me, the game right now is to wait for confirmation from the whales. My personal setup for this move is as follows:
📌 Trade: LONG at the support zone.
📌 Entry: 62.200 - 62.350$.
📌 TP: 63.800$ - 64.500$.
📌 SL: 61.700$ (If we break this level, it's time to run, no holding losses like a spiritual guru).
Looking at the candles moving sideways like this, are you holding a LONG position or have you quietly gone SHORT from the top already?
#Crypto #TradeCoin #MarketUpdate
Note: This is my personal perspective, not investment advice. Trading always comes with risks (DYOR).