$BTC is in this MASSIVE ascending triangle and so far perfec | SatoshiSwiss on Binance Square

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$BTC is in this MASSIVE ascending triangle and so far perfectly bounced since my last post here on Binance Square from the low of the triangle. I am expecting higher here on $BTC as long as we hold the support line of the ascending triangle. This week could be interesting for $BTC. #crypto  #btc  

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The inefficiency in $BTC has been filled, and it's retesting the previous breakdown point. I'm keeping an eye on potential short re-entries for $ETH , especially around the key 3200 level, which lines up with this. I'm not rushing into these trades. Ideally, I'm looking for another lower high between the current level and 67k, and I'll jump in once I see bearish market structure forming from there. #bitcoin #ethereum

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The altcoin market is looking pretty rough lately, with many altcoins seeming like they'll keep dropping. It’s clear there's an edge in shorting these coins because they’re so weak, no matter what Bitcoin is doing. Today’s strategy was the same as yesterday's: find Bitcoin’s intraday high and use that candlestick as the stop-loss point for shorting the weaker altcoins.

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So, here's where I stand on $BTC : it's been holding up pretty well even though US stocks had a rough day. Right now, I'm feeling pretty neutral about it short-term, but I think the ups and downs will eventually lead to a dip. I'm not really looking to trade in this crazy market until there's a clear signal. It's super important to stay flexible as things change. Just a few days ago, I went all-in with my challenge account because I thought the market conditions were just right and fit my strategy. I also put 60% of my total margin into it when I saw similar good conditions. Now, I'm mostly back to cash, except for a small short position in MKR that's done really well since I first got in. With no clear trends right now—except for a few like SOL—it's smarter to play it safe until the market shows some momentum. When that happens, it's all about jumping on the opportunity and adjusting your investment size to match. #bitcoin

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$BTC - experienced an intraday drop as anticipated from our previous analysis shared on my Discord, accompanied by some temporary fluctuations in $ETH 's relative strength, attributed to the ETF launch, which eventually diminished. Currently, there's a noticeable shift back to $SOL , with $MEW emerging as the standout performer in the market, primarily as a rotational move from $POPCAT. The risk/reward for going long on this isn't particularly appealing as it approaches a 1 billion market cap, but its relative strength makes it a key chart to focus on. The path higher appears less obstructed, judging solely by the price action.

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