$BTC has moved way too fast. Next target could be 92K ?
We went from around $75K to $87.4K, broke the $82K area that had been holding price back and now everyone is watching the same thing... can BTC actually hold the breakout or was the move mostly driven by short covering and momentum?
This is where having a lot of traders watching the same levels gets interesting. $87.4K is the current high. If BTC breaks it& actually accepts above, I don't want to fight the move and I'll be watching $90K next. But if $87K keeps rejecting and BTC loses $84.5K to $85K, I'll start watching the old $82K breakout zone again.
I'm not trying to guess the next candle here 😅 I want to see which side gets trapped first.
Plan > Losing Money
#BTC
We went from around $75K to $87.4K, broke the $82K area that had been holding price back and now everyone is watching the same thing... can BTC actually hold the breakout or was the move mostly driven by short covering and momentum?
This is where having a lot of traders watching the same levels gets interesting. $87.4K is the current high. If BTC breaks it& actually accepts above, I don't want to fight the move and I'll be watching $90K next. But if $87K keeps rejecting and BTC loses $84.5K to $85K, I'll start watching the old $82K breakout zone again.
I'm not trying to guess the next candle here 😅 I want to see which side gets trapped first.
Plan > Losing Money
#BTC
