$BTC 2025.07.08
How will the pancake move next?
✅As mentioned in the previous article, the current range is fluctuating between 107400-110400. Although we are still within this range, the 1-hour upward trend line has been broken, and we are being pressured by the downward trend line on the daily chart. Additionally, the 15-minute and 1-hour levels are in a bearish trend; we can only look for short-term bullishness if we break through 108600.
✅So the long and short strategies are coming out.
📈Since we are still within the range, and at the bottom of the range, we can certainly go long, with the first take-profit level at 108600. If it breaks, we look to break even at 110000.
📉Currently in a short-term bearish formation, we can certainly go short, with a stop loss at 108600, first targeting 106400, and then looking below 105000.
🤪 I lean towards the second option; which one will you choose?