š„ $BTC Coiling Up: Big Move Incoming?
The market is holding its breath as we see some tight consolidation after the recent rally. Price action is currently range-bound, suggesting traders are awaiting fresh catalysts. Whispers of upcoming regulatory discussions next week might be keeping some powder dry.
š Trading Outlook:
ā”ļø Long: A sustained break above 106,500 could signal renewed bullish momentum. This might be a spot accumulation zone for long-term holders, or a leveraged long for short-term traders if confirmed with volume.
ā¬ ļø Short: If support around 102,000 gives way, we could see a deeper pullback towards the 98,000 area. Leveraged shorts could be considered on a confirmed breakdown below key short-term support.
Always manage your risk!
ā ļø NFA/DYOR.
#BTC #CryptoTrading #MarketUpdate
