📊 Weekly Summary + Trading Plan 🎬


This week, Bitcoin's lowest was 59,500, and the highest was 64,234. Two swings in between.
Early Saturday morning, a needle pierced down to 59,500— the third time since March to test this level. On Sunday, a bullish candle pushed up to 64,234, with solid volume. From Monday to Wednesday, it declined back to nearly half the gains, then rallied again on Thursday. Now at 63,700.
Five days, one range, no breakout.
Yesterday, I mentioned whether this week we could break through the triangle convergence in trading. The answer is not yet. But there's a detail: the rebound bullish candle on Sunday was stronger than the previous two rebounds from 59k. Buying pressure is strengthening, just not enough yet.
FNG is at 12, in extreme fear. Most people wouldn't dare buy at this level—normal. But extreme fear + third test of support + increasing rebound strength—this combination is uncommon.
The plan I mentioned before remains unchanged: if 59k's lower boundary of the triangle holds without making a new low, start building a position. Today is the first day. If 59k holds over the weekend, place the first order on Monday. Confirm the triangle breakout before adding more.
Conversely, if a bearish candle breaks through the triangle at 59k over the weekend, then the support structure since March is broken. No guessing the bottom; wait for a new structure to form.
It's not that I don't trade. It's just not the right time to trade yet. Watch the lower boundary of the triangle over the weekend.
BTC1.22%
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