Quick update up almost 0.13 $BTC (almost $9k) on coin margin | BuerTrades on Binance Square

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Quick update up almost 0.13 $BTC (almost $9k) on coin margin trade. Booking 50% here and moving stop loss at entry.
#bitcoin #btc 

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BTC

67.520,01

+0.52%

754

0

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GM! Great to see there are very few bulls left. Even some of the top people I follow were shaken out in the last dump, and honestly, their fear is justified. We have CPI data coming out today, but with everyone on my timeline looking to buy below 60k, it seems a bit suspicious and interesting. The US stock market keeps hitting new all-time highs, while the crypto market has been dumping. Funding is extremely negative, OI has flushed, and some large BTC orders have been filled. Most people are in shorts. Just think about it what go wrong👀

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⚠️SWING TRADE FUTURES(Use low leverage 8X) ETH/USDT LONG in parts ✅ENTRY 1: 2470 ✅ENTRY 2: 2430 ✅ENTRY 3: NA 🎯Target1: 2490 🎯Target2: 2515 🎯Target3: 2560 🎯Target4: 2630 🎯Target5: 2720 🚨SL: 2310 Note: Swing trades analysis are done on higher TF and takes time to hit. Use TP1 for quicker profits. ONLY ENTER IF YOU CAN HOLD POSITION FOR FEW DAYS TO FEW WEEKS Best Strategy is to always book some profits at TP1, set the SL at entry and keep the profits running Like and follow us for more trades #ethereum

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Even if we do drop into the sub-50s as the bears predict, a structure or pattern needs to form first. Markets never move in a straight line, up or down. For BTC to reach those levels, we’d likely need to see a push into the 64-66k range to build enough momentum for a drop. That would fuel the next move down. In my opinion, it’s best to take it level by level. Right now, I’m expecting a pump and will analyze the next move once that plays out.

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There are currently two close scenarios I'm watching for $BTC. On the left side, we have the 4H chart where you can see $BTC broke the important 200 EMA support, dipped below it, and after a bearish retest, it's heading down again. If this plays out, we could dip as low as 57k. On the right side, we are currently trading near the 200 EMA support on the daily time frame. A bounce from here could reverse the trend and give us bullish momentum again. However, breaking this level on the daily will confirm the bearish scenario. On the bright side, we haven't broken the bullish structure yet, and a reversal from here would create a higher low. I'm waiting for some time to see how the price action develops before deciding on further action #btc

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