$BTC is still trading inside the box, nothing has changed since last Sunday.
• 72k is the key level. A break and hold above it is needed for recovery.
• Below 72k, this remains range trading, not a trend market.
• Active range is 54k–72k. Buy near range lows, sell near range highs.
• 80k–85k is strong resistance if price pushes higher.
• 54k–60k is a local bottom, not the final bear market bottom.
• Macro bottom is still expected around 45k–50k.
Strategy:
I am still holding my short position and will look to add more shorts in the 80k–85k region if the price reaches there. On the long side, I am only interested in range trades, adding exposure near 60k–54k and taking profits on bounces.
Nothing new yet. Waiting for a range break before changing bias.
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#Bitcoin Sunday Analysis 📉
$BTC is still trading inside the box, nothing has changed since last Sunday.
• 72k is the key level. A break and hold above it is needed for recovery.
• Below 72k, this remains range trading, not a trend market.
• Active range is 54k–72k. Buy near range lows, sell near range highs.
• 80k–85k is strong resistance if price pushes higher.
• 54k–60k is a local bottom, not the final bear market bottom.
• Macro bottom is still expected around 45k–50k.
Strategy:
I am still holding my short position and will look to add more shorts in the 80k–85k region if the price reaches there. On the long side, I am only interested in range trades, adding exposure near 60k–54k and taking profits on bounces.
Nothing new yet. Waiting for a range break before changing bias.
#BuyTheDipOrWaitNow? #WhenisBestTimetoEntertheMarket
$BTC