🪙#BITCOIN : It is the 9th daily candle, and BTC is still above the $50.7k support level. With both the resistance ($52.4k) and support ($50.7k) continuing to squeeze the price, a skeptical scenario is unfolding in the market. In this kind of situation, it is always better to consider both scenarios side-by-side and be prepared.

Conditions: With BTC in its parabolic phase, it is likely to see another leg up toward the $60k range, but only if we see a daily close above the $52.4k resistance. On the other hand, BTC is at the peak of its resistance, and if it fails to hold the $50.7k support in the daily timeframe, then we can expect a correction.#Write2Earn