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$BTC Everyone settle in, Bitcoin is about to break in a new direction!!!
Yesterday, the daily chart closed with a long lower shadow and a small bullish candle, but the 76,000 level is stubbornly holding firm. It’s never stable above.
Volume contraction and sideways movement are the easiest to deceive.
Either do nothing, or suddenly push higher and then drop a pin.
Here are some key points:
Above, the 76,000 and 77,500 levels are short positions, just place orders in batches, don’t chase.
Below, 73,500 and 72,000 are long entry zones; consider entering when reached, watch if not.
The 4-hour Bollinger bands are flattening; if at 4 p.m. the close stays above EMA5, there might be a false move to trap longs tonight, don’t get caught up.
There are only two rules for trading: short at resistance, long at support, with a stop-loss that kills.
Sideways markets are most afraid of being caught in a back-and-forth, keep your hands in check.
The trend will be decided soon, don’t blame not preparing in advance when it happens!!!
$ETH $ORDI