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massive breakout coming for
#HUND
are you prepared.
I am still buying , soon to
#explode
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#Market_Update $BTC remains trapped in a narrow range, with the $62,000 level serving as strong 4-hour support. This support has held firm across recent candles. Meanwhile, resistance is positioned at $62,800.We are prepared for a breakout in either direction, which may materialize later today with the release of FOMC minutes. In the meantime, patience is essential as we await clearer market signals.
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#Markestupdates After multiple tests of the $62.8k support level (Weekly Open & DM VAH), we’ve seen a breakdown that has now turned this level into resistance. Currently, there’s 4-hour support at $62.2k, which also aligns with the current month’s Point of Control (POC). A liquidity area is growing at $61.8k, and it wouldn’t be surprising to see this level swept today. For a bottom to form here, we need the $62k level (Monday Low) to hold. This week’s Monday range is set between $62k and $64.4k. I'm well-positioned for any movements and actively seeking further opportunities. #Uptober #Q4
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#Marketupdate The overnight price action has been encouraging for both our long and short positions. Bitcoin tested the $64k level but, as expected, faced rejection. Recent 4-hour candles closed above $63.3k, which is the Monthly Open, so it's essential to see if the current close can hold this level. If it fails to maintain above $63.3k, we could see a swift move back toward $62k. We're on a solid run, so let’s monitor how the Monday range develops and adjust our strategies accordingly.
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#Marketupdates Bitcoin has recently reclaimed the 4-hour EMA200 at $61.6k, which is a promising development for our long positions. This level has been retested several times, indicating solid support. However, we are still facing resistance at $62.5k, the previous week’s low, which remains unbroken. As we approach the weekend, we anticipate a typical low-volume Saturday, likely keeping BTC within a range of $61.6k to $62.5k. This creates potential trading opportunities at the extremes of this range. Strategy: Support Level: $61.6k – Look for buying opportunities if the price approaches this level. Resistance Level: $62.5k – Watch for potential selling opportunities if Bitcoin struggles to break through this point. Stay vigilant for any market shifts, especially as we navigate the weekend.
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#NFP data coming next hour
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