Let’s dive back into the market landscape, starting with the key player — Bitcoin.
💹Market Recap Over the Past Month
Over the last few weeks, the market has been relatively stable with no major disruptions. In fact, before stepping away, I gave a timely update on April 7, pointing out that a reversal was likely after liquidity was swept below the $76,600 level. That prediction played out perfectly — since then, Bitcoin has surged nearly 25%.
🤷♂️What’s Happening Now?
We're currently in a strong technical position. $BTC is inching closer to the psychological $100K mark, but there's noticeable resistance building from large-scale sellers. I anticipate a short-term correction down to the 1D Imbalance zone of $87,738–$91,935. However, don't rule out a final liquidity grab up to $99,475 before that dip occurs.
This imbalance zone is my primary interest area for entering long positions, with a medium-term target of breaking through the 💲100K threshold.
Trading Plan
For now, I'm holding off on opening new $BTC
positions. If we see a fresh bullish impulse, I’ll look for a short opportunity targeting that imbalance zone as a take-profit area before re-entering longs.
Altcoins in Focus
As for altcoins — opportunities are beginning to surface. If you’re ready to explore them with me, show your support and I’ll start sharing some promising setups soon!
Trade smart. Stay sharp. Let’s ride this wave together.