$BTC WEEKLY UPDATE
This week is shaping up to be exciting — and potentially bullish. 🚀
📈 I’m looking for a move toward the $98K area to consider shorts.
💰 Long positions? I’m planning to start locking in profits from $91K upward.
🎄 I’m expecting at least a push toward $91K before Christmas.
The higher-timeframe structure looks clear, and momentum is still pointing up. Let’s see how the market delivers. ⚡
🟢 LONG SETUP
Entry: 87,500 - 88,200
Stop: 86,800
Targets: TP1: 90,500 | TP2: 92,000 | TP3: 93,500
Thesis: Price holding above MA(7) at 88,495 and MA(25) at 87,841 showing bullish structure. Recent bounce from 84,408 low demonstrates strong buying pressure at support. Volume declining on pullbacks indicates healthy consolidation before next leg up.
Trigger: Break above 89,600 with volume confirmation or bounce from MA(25) support zone.
🔴 SHORT SETUP
Entry: 90,800 - 91,500
Stop: 92.500
Targets: TP1: 87,500 | TP2: 86,000 | TP3: 84,400
Thesis: Rejection at 93,547 created bearish wick showing seller presence. Price struggling below MA(99) at 89,252 acting as resistance. Order book heavily skewed with 86.26% sell pressure vs 13.74% buy pressure indicating distribution phase.
Trigger: Failed breakout above 90,000 with volume spike or break below MA(7) at 88,495.
⚡ BIAS RULES
Long Bias: Price sustains above 88,500 with MA(7) > MA(25), volume increases on green candles, reclaim MA(99) resistance.
Short Bias: Price breaks below 87,800 MA(25) support, MA(7) crosses below MA(25) death cross, rejection at 89,252 MA(99) resistance with declining volume on rallies.
