Bitcoin $BTC's price has risen to our resistance zone, making a new high and triggering a stop-loss order in our retail short position. For now, the price continues to push upwards without signs of exhaustion. We need to see when this momentum starts to show signs of waning. To do this, we need to pay attention to volume. I would like to see one last large candle with high volume, indicating that the market maker is selling most of their position. That's when the red candles will follow, restoring balance to the chart. We have two possible scenarios: 1: Bullish breakout: The price consolidates within the red resistance zone and breaks strongly above $86k. 2: Rejection and pullback: The price fails to break the resistance zone and is rejected (upward wicks or strong red candles), correcting towards support levels of $79k ~ $75.8k.

BTC-0.28%
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