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Is $BTC finally running out of breath, or is this just a huge fake breakout?
We just saw an attempted rejection at the 79.4k local high, and now the price is hovering around 76,456.
Looking at the daily candlestick chart, we've formed a series of lower highs in the past few rounds, which is usually not a good sign for the bulls in the short term.
My support level to watch is at 73.8k.
If it breaks below, we could quickly fall back to the psychological level near 70k.
However, the order book shows some decent buy interest below the current price, so we might oscillate here to further accumulate liquidity.
I'm not in a rush to go long right now.
I want to see if we can first retake 77k and stabilize, then believe there will be another upward move.
Be cautious with high leverage now, as volatility is starting to pick up.
What’s your plan for this range?
Are you planning to buy on the pullback, or wait for a lower level to enter?
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