$BTC - As expected, the price continues moving higher, while shorts keep piling in and getting flushed.


This is exactly why I’ve been emphasizing over the last couple of weeks not to overtrade, not to hedge randomly, and simply stick to the trend.
As long as the market structure remains intact and multiple confluences continue pointing toward further upside, there’s no reason to try predicting a local top or hedging against every short-term pullback that may or may not happen.
Right now, the main focus should remain on the 1D Bull Market Support Band, which has been a strong reversal spot over the last couple of months.
I believe that as long as price keeps holding above this range, as well as the April 2025 bottoming formation around $76K, the broader market structure remains intact.
The other key level to track is the lost high-timeframe support range marked in purple around $84K, where I believe we could see a short-term rejection.
However, as I’ve said before, I still believe the best approach right now is simply to stay in spot positions and stick with the trend.
BTC0.54%
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