#BTCPrediction Here's an update post for Bitcoin based on your earlier prediction and the current chart:
šØ $BTC Update! Bitcoin at the Crossroads šØ
Remember our earlier analysis on Bitcoin testing that critical supply zone? Well, $BTC is now directly grinding up against that major level around $108,000 - $108,400 on the 1-hour chart! This is exactly where we expected significant price action.
Here's what we're watching for:
* š Breakout & Retest for LONG: If #Bitcoin manages a clean and sustained breakout above the $108,400 level, and more importantly, successfully retests it as new support, that could be our high-probability trigger for a long setup. We'd aim for continuation higher from there.
* š Rejection & Retest for SHORT: On the other hand, if we see a clear and definitive rejection from this supply zone (i.e., failure to break above it, with price pulling back and retesting from below), then we'll be looking for potential short opportunities towards the major demand zone around $106,480 and even lower.
Patience is paramount here. Let the price come to you and clearly show its hand. React, don't predict! Stay prepared for either scenario.
š Disclaimer: This is not financial advice. Cryptocurrencies are highly volatile, and trading carries substantial risk. Always do your own research and manage your risk accordingly.
