$BTC looks like it's at a decision point.
After bouncing from the $57,800 support and confirming a double bottom, $BTC pushed higher before running into heavy selling around $65,000. Since then, buyers have struggled to reclaim that level.
Right now, I am watching $65,000 closely. As long as price stays below it and respects the descending trendline, I think sellers still have the edge. A move lower toward the $62,000 support is a realistic scenario.
That said, I'm not married to one bias. ...
HERE’S WHERE I’D LOOK TO LONG $BTC
My local view on #BTC :
Here’s my plan:
1. Long in the 0.5–0.618 Fibonacci zone - $62,320/$61,230
2. Look for a reversal structure on 1H/4H, e.g. a double bottom
3. First target - $68,500/$69,400
4. Second target - $72K
5. After that, I expect the final drop to begin in August/September
$ETH
{spot}(ETHUSDT)
is still holding stronger than BTC - this is important!
I’m still holding the Bitcoin long I opened earlier. I’ll average into the position in the zo...