Why is it too early to consider BTC for a long position? 🤔
A brief analysis (very) 😉
📌 I have managed to 'guess' the early macro structure of BTC more than once, and I'll try again now.
🔻 Short scenario
I see a possible impulse movement:
• possible price breakout above 113,500
• and a subsequent pullback down
👉 For me, this will be an excellent trigger to enter a short position at least until 107K.
🔼 Long scenario
My limit order has been set down for a long time.
Key zone is 105,300, possibly going deeper to 102K ±.
⚡️ Only then will a trigger appear for me to talk about a new movement towards ATH.
What could lead to that?
Most likely, news about rate cuts:
• in the short term this might negatively impact the price (the leading country's economy in crypto is faltering),
• but in the long term this is positive — cheap money will appear, meaning the market can start breaking records.
❓ Do you have a different opinion? Share in the comments — I could be wrong 😉
