#BTC UPDATE – MARKET FOLLOWING THE PLAN
The bounce is going as expected – we touched $106,000 and saw a small reaction.
I’m anticipating a continued move up to around $106,800 to fill the full 4H FVG. At that point, I’ll be watching closely for a selling reaction. If we get bearish breaks on the 1H timeframe, I plan to add to my short position from $110,000.
It doesn’t happen often, but sometimes price spikes to the final (3rd) Fibonacci target, which from the signal bot is $107,900. That’s why I recommend entering shorts only when there are clear reversal formations on the chart.
The invalid scenario would be 4H candles closing above $108,000.
Those who entered longs from $104,200 (after my earlier post) should consider moving their stop-loss to breakeven. It makes sense to secure 75% of the position at $106,700–800 for a solid profit.
Wishing everyone a great day 🤝