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BTC price action this week has been notably quieter compared to last week, with no decisive breakouts in either direction. The market remains trapped in a tight range, forcing open positions to exit swiftly just to survive. My long entry from last week at an average of $72,800 was closed prematurely, and honestly, I am hoping for a deeper retrace. An ideal re-entry zone sits between $79,600 and $79,200. Churning endlessly between $80,000 and $82,000 with a mere 2,000-point range offers little to no edge for substantial gains.
Until BTC can firmly close above $82,000, the $80,000 level remains vulnerable to fake breakdowns. However, shorting is far from comfortable either. As long as the $80,000 support holds, with a strong floor at $79,200 to $78,850, any short-term downside is capped. Profits on the short side are equally thin, barely exceeding a thousand points before reversing.
If you think this market is simply cooking the longs, you are looking at it through a narrow lens. This week is a slow boil for both sides. It is a classic squeeze zone where neither bulls nor bears can claim victory. Patience is the only weapon here. Wait for the range to break, not for the noise to subside. The real move comes when the market decides to expand, not when you force a trade. Stay sharp. Stay disciplined. The setup is cooking.
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