JorgeDJE

#Bitcoin

People are already calling bottom after that bounce - but let's look at what's actually happening

That bounce from the 74k support is showing promising strength! We're currently testing the descending trendline resistance that's been capping price since the ATH.

It's funny watching sentiment shift so quickly - just days ago everyone was calling for 50k, now they're rushing to flip bullish at the first green candle. This emotional rollercoaster is exactly why most traders lose money.

While short-term momentum appears bullish, we still face multiple resistance hurdles before confirming the correction is complete. The volume profile shows significant resistance waiting at the 97k POC (Point of Control) level.

What's encouraging is the formation of higher lows since the April drop. This suggests buyers are starting to establish control, though we'll need confirmation above the trendline to signal a true trend change.

My outlook remains cautiously optimistic - expect continued ranging between 78-88k for several weeks as Bitcoin builds energy for its next move. Once we clear the 97k zone, the path to 110k+ becomes much more viable by late summer.

Remember - when others are getting swept up in emotions, that's your cue to stick to the plan and trade what you see, not what you hope.

creen ustedes que XRP está apunto de explotar