Bitcoin

Watch Round levels Only In BTc.

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1) The Big Picture (Major Trend): The overall trend for Bitcoin is still "quite Bearish" (meaning the price is generally expected to go down. 👍 But right now, the short-term chart is moving "sideways" (meaning the price is chilling and not going strongly up or down).
* 2) The Price Is Super Sensitive: The price is really tuned into "Round Levels"—think of these as big, easy-to-remember numbers like $90,000, $91,000, etc.
* Right now, Bitcoin is trading around $90,784.
* The $91,000 Level: This is a "Round Level" that acts as a weak "Support" (a price floor that holds it up) and also a good "Resistance" (a price ceiling that stops it from going higher). It's a key spot!
* The $90,000 Level: The notes say that trading below this level is a good "Support" for the price.
* 3) The Price Walls:
* $92,000 is seen as a good "resistance" for the price. (Resistance = a price wall that keeps it from climbing higher 🧱).
* $93,000 is the "hard resistance" for the price. (This is the toughest wall to break! 🛑).
🔥 Quick Summary for the Trading Game:
Bitcoin is bullish overall, but it's playing ping-pong between some key numbers ($90,000 to $91,000). The biggest challenges to a massive price jump are the $92,000 and $93,000 walls!
🧠 The Trader's Plan: Bitcoin's Round Level Game
The writer is super confident that Bitcoin is "strictly following round levels." This is the core idea they are building their whole strategy around.
📉 A Quick Look Back (The Last Trade)
* Yesterday's Win: They were in a trade and "captured almost $2,000 in profit." That's a huge win! 🏆
* The Flop: But they didn't keep an eye on their trade (didn't "monitor their position"). When the US markets "sold off" (prices suddenly dropped), they had to close the trade quickly with only $0.69 profit (!!). That's a classic trading mistake—letting a huge profit disappear.
* Risk vs. Reward (R:R): They mention achieving a 1:3 R:R in their "last long trade." This is a key trading term: it means they were risking $1 to try and make $3. That's a great ratio for a profitable plan.
🎯 The Plan for Today (The Next Trade)
* The Strategy: The plan is to watch the price when it hits those "round levels." They will then decide to enter a trade, either "long or short," based on what the price does there. (Long = betting the price goes UP, Short = betting the price goes DOWN).
* The Target: Their profit goal (Target) for the trade is $1,000.
* The Levels Refined: They update their opinion on the key Round Levels:
* $91,000 is NOT a good Support.
* $92,000 is ALSO NOT a good Support.
* $90,000 is FIRM Support. This is the strongest floor, and if the price bounces here, the trader expects to get "higher targets" (bigger profits) from this level!
🔥 Bottom Line: The plan is simple: only trade when the Bitcoin price hits a major "round level" like $90,000 because that's where the biggest buyers/sellers hang out and cause the strongest price moves. BTC1!

Penafian

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