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.
🎯 Want More Trading Ideas?
📈 Join the FREE Forex & Gold Channel
👉 t.me/intradaytradingsignals
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👉 t.me/FanCryptocurrency
📈 Join the FREE Forex & Gold Channel
👉 t.me/intradaytradingsignals
💎 Join the FREE Crypto Channel
👉 t.me/FanCryptocurrency
관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
🎯 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
관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.