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Everyone settle in—this “big pie” position is about to choose a direction!!!
Yesterday, the daily candle closed with a long lower wick and a small bullish candle, but the 76,000 level is stubbornly capping it. It just can’t hold steady above.
Low-volume consolidation is the easiest to fool.
Either do nothing, or suddenly pull higher and then a needle drops it sharply.
Let’s go over a few key points:
Above are the 76,000 and 77,500 short-entry “battlegrounds.” Just set your orders in batches—don’t chase.
Below are the 73,500 and 72,000 long accumulation zones. Only consider entering when it reaches them; if it doesn’t, just watch.
The 4-hour Bollinger Bands are flattening; if by 4:00 p.m. the close stays above the EMA5, there may be a brief false push to lure longs overnight—don’t get carried away.
There are only two lines for trading: short at the resistance level, long at the support level, and keep the stop-loss tight—dead.
In a ranging market, what it fears most is getting slapped back and forth—hold your hands steady.
The direction will be picked soon; when that happens, don’t blame it on not preparing ahead of time!!! @ $BTC