๐
Analysis of the situation of
$TIA . ๐
Do you know why 90% of the inexperienced market participants lose capital in moves like this? They try to go short on any strong impulse just because it seems to them that the asset is ยซalready overboughtยป.
Look at the chart. The price broke aggressively above the local bearish block (Bearish OB).
What does retail do at that moment? They open short positions early, going against the locomotive. โ What do I do? I trade based on facts. The chartโs structure has been broken to the upside (bullish market structure shift).
My plan is on the screen: we exit the selling pressure. Now, any technical pullback is an ideal entry point for a position. The main goal of the move is to take the liquidity pool in the 0.3900+ zone. ๐ฏ
๐The Russell 2000 index has renewed its highs with confidence and consolidated above an important level.
This is a good sign for the market: risk appetite is growing, which means cryptocurrencies could also get support. ๐
Bitcoin is testing the $62,000 level after weak labor market data.
A decisive break above this level could quickly push it toward the $67,000 mark.
Weak employment data supports risk assets and weakens the dollar, which is a classic scenario for bullish cryptocurrency trends.
Resistance: $63,000 and $67,000
Support: $58,000
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