Sometimes, the best analysis is the simplest one.
Bitcoin (BTC) continues to trade within the rising blue channel, keeping the short-term trend constructive. 📈
📌 As long as BTC remains inside this rising channel, the path of least resistance remains bullish, and we will continue to favor trend-following long setups.
However, the blue structure zone around $64,000–$64,500 remains the key level to watch.
A decisive break below this structure would invalidate the current bullish scenario, shift the momentum from bullish to bearish, and increase the probability of a deeper correction.
As always, rather than predicting the next move, we will wait for price confirmation before considering any positions.
Will buyers keep defending the channel, or will sellers finally break this key support? 🤔
⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.
📚 Stick to your trading plan regarding entries, risk, and management.
Good luck! 🍀
All Strategies Are Good; If Managed Properly!
~Richard Nasr
Bitcoin (BTC) continues to trade within the rising blue channel, keeping the short-term trend constructive. 📈
📌 As long as BTC remains inside this rising channel, the path of least resistance remains bullish, and we will continue to favor trend-following long setups.
However, the blue structure zone around $64,000–$64,500 remains the key level to watch.
A decisive break below this structure would invalidate the current bullish scenario, shift the momentum from bullish to bearish, and increase the probability of a deeper correction.
As always, rather than predicting the next move, we will wait for price confirmation before considering any positions.
Will buyers keep defending the channel, or will sellers finally break this key support? 🤔
⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.
📚 Stick to your trading plan regarding entries, risk, and management.
Good luck! 🍀
All Strategies Are Good; If Managed Properly!
~Richard Nasr
📊I help you turn charts into a career
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theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
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📊I help you turn charts into a career
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.