#BTCOutlook
BTC Update
🔹 Price Action:
Bitcoin $BTC has tapped external range liquidity above the macro range high ($104.6K). The next move is likely to seek liquidity below the macro range low ($90.5K).
🔹 Key Weekly Level:
The red-marked weekly level ($101.2K-$93.9K) is crucial to determine the next high-timeframe (HTF) bias. A break or hold here will shape the market’s direction.
🔹 Short-Term Outlook:
I anticipate a final exit pump into the $101K-$103K zone to lure leveraged holders into hopium. This will likely be a prime area to de-risk and shift to 100% stables. While further upside may confirm later, the downside risks from this point will be challenging to manage.
🔹 Preparation for Pullback:
Position stink bids in the $87K-$85K zone. Opportunities like this are rare in a bull market, so be prepared to capitalize.
Strategy: De-risk at $101K-$103K, focus on preserving capital, and wait for lower entries. Play the market with patience!
DYOR. HODL.
