🚨 Is Bitcoin about to experience a big fluctuation? Bullish or bearish, two scenarios you must know!
Currently, $BTC is at a critical juncture, and I see two possibilities:
🐻 Scenario 1: Is a high-level correction imminent?
Technical indicators warn: Daily RSI is approaching overbought levels, suggesting a possible short-term correction.
Correction target: The price may adjust to the 92k-100k range, with ABC structure beginning to appear.
Fibonacci retracement point: Key support level is in the 0.618 area, patience is key.
Short strategy: Look for entry points near the highs, with stop-loss suggested above the historical highs.
🐂 Scenario 2: Retail FOMO, breaking through the sky?
Retail sentiment returning: New highs + news stimulus may push BTC to continue rising.
Small correction before further rally: A brief pullback may only go as low as 100k-103k or 105.5k.
Wave theory support: If a 1-2 wave pattern emerges, the price may welcome a new round of increases.
📌 Personal position reference: Currently holding a short position, entry at $109.726.
🎯 Conclusion: Regardless of bull or bear, the market is at a critical point; patience + risk control is key. Will you choose to short or position for a long? Don't let the market decide your fate!