I expect the US data releases this week and next to act as a catalyst for a fresh leg down in Bitcoin toward the $57k–$52k zone.
Macro outlook remains weak, indices are starting to struggle, the war shows no signs of ending, and crypto ETFs continue offloading. I don’t see any meaningful positive catalyst that could drive significant upside momentum from here.
Don’t burn your wallet trying to catch the bottom. There will be a better time to stack spot bags and swing longs, this just isn’t it. Stay patient and protect capital.
Note that I’m the one who burned it all the way back then. I really thought this type of market scenario would be the bottom, but usually when traders or investors think like this they are way too early or late. Also, I want to flag that if you are just investing in spot with a long-term vision, I’m not saying it’s a bad thing to buy BTC at $60k you will be in good profit in the next couple of years.
First entry with half risk was at 67K -> compounded the position at the second breakout -> closed 70% of the position here and moved SL to profit -> let the rest run without any risk.
So, today's US interest rate data is priced in now? All majors hit the resistance levels and are trading inside the daily EMA bands. This is exactly how a trending market works. As said, if 67-68k remain resistance with no breakout on bullish momentum, the next stop will be the range lows at 60k, which I think will be broken eventually in the near future. Bottom prices soon boys!
So, today's US interest rate data is priced in now? All majors hit the resistance levels and are trading inside the daily EMA bands. This is exactly how a trending market works. As said, if 67-68k remain resistance with no breakout on bullish momentum, the next stop will be the range lows at 60k, which I think will be broken eventually in the near future. Bottom prices soon boys!
pwVAL wVAL and Monthly VAL -+60K
res 64-65k showed weakness, pretty simple for me - short range highs and invalid above 67k. Waiting to see VALs to get broken.
pwVAL wVAL and Monthly VAL -+60K
res 64-65k showed weakness, pretty simple for me - short range highs and invalid above 67k. Waiting to see VALs to get broken.
It's that time again.
Your favorite "analyst" and "trader" timeline full of bottom and long plans, aka highly converting posts. No real HTF outlook or reasoning behind them, just hopium that they will be right this time.
As a trader, for me it's all about probabilities and data. If 90% lose money in this market, do you still want to copy or listen to these traders? The answer is no. Build your own system, your own strategy, and execute it. Make mistakes and learn from them.
You will not learn trading by copying setups from others. You might profit, but you won't learn. Trading is far bigger than just SL and TP levels or calling tops and bottoms. Find your edge, where the best probabilities give you +EV, and sustain it long term. Know your profit factor, size trades correctly to avoid liquidation, keep a clear head after losses, avoid revenge trading, and skip markets that don't fit your system. Add macro understanding of how news, data releases, and other markets correlate in crypto. There's a lot to master before trading becomes consistently profitable.
Retail starts to bid 1, 2, 3...
While btc res 63.1k(if it brokes with volume then 65k area) and tomorrow new week, how you think indices will open next week, looks bullish right?
I will mainly focus on finding more short opportunities than try to long this market. Bottom is not in.
I repeat bottom is not in.