Bitcoin started the month of February on a very weak note, with price dropping roughly 25% and reaching a local low near 60k.
However, once that level was tested, buyers stepped in and BTC began to recover.
At the time of writing, price is trading back above 70k, showing that demand exists at lower levels.
🔎 Current Market View
From my perspective, the most feasible scenario for the coming period is range trading.
- Not a straight continuation up.
- Not an immediate collapse.
- But a period of balance.
A reasonable working range could be:
Ceiling: 80–83k
Floor: around 60k
⚖️ Bias and Risk Perspective
Personally, I do not believe 60k is the final bottom.
It may hold temporarily, but structurally the market still looks fragile.
Because of that, from a risk perspective:
👉 the lower-risk opportunities are on the sell side,
especially if price pushes back toward the 80k+ zone.
📌 Practical Approach
This doesn’t mean blindly shorting.
It means:
- waiting for rallies into resistance
- watching for exhaustion or rejection
- then acting with defined risk
✅ Bottom Line
BTC is likely entering a range phase, but NO, I don't think 60k was the ultimate bottom.
However, once that level was tested, buyers stepped in and BTC began to recover.
At the time of writing, price is trading back above 70k, showing that demand exists at lower levels.
🔎 Current Market View
From my perspective, the most feasible scenario for the coming period is range trading.
- Not a straight continuation up.
- Not an immediate collapse.
- But a period of balance.
A reasonable working range could be:
Ceiling: 80–83k
Floor: around 60k
⚖️ Bias and Risk Perspective
Personally, I do not believe 60k is the final bottom.
It may hold temporarily, but structurally the market still looks fragile.
Because of that, from a risk perspective:
👉 the lower-risk opportunities are on the sell side,
especially if price pushes back toward the 80k+ zone.
📌 Practical Approach
This doesn’t mean blindly shorting.
It means:
- waiting for rallies into resistance
- watching for exhaustion or rejection
- then acting with defined risk
✅ Bottom Line
BTC is likely entering a range phase, but NO, I don't think 60k was the ultimate bottom.
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📈 Join the FREE Forex & Gold Channel
👉 t.me/intradaytradingsignals
💎 Join the FREE Crypto Channel
👉 t.me/FanCryptocurrency
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
🎯 Want More Trading Ideas?
📈 Join the FREE Forex & Gold Channel
👉 t.me/intradaytradingsignals
💎 Join the FREE Crypto Channel
👉 t.me/FanCryptocurrency
📈 Join the FREE Forex & Gold Channel
👉 t.me/intradaytradingsignals
💎 Join the FREE Crypto Channel
👉 t.me/FanCryptocurrency
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.