Post

$BTC Here are my current thoughts on the market.



Yesterday’s failed Clarity Act vote triggered a roughly 3% selloff and was followed by a daily close below the range lows.

Since then, price has retested the lower boundary of the range and seems to be respecting it as resistance.

If today’s daily candle closes back below $76K after this retest, I expect price to push lower into the $74K–$70K region, which is also where I’m planning to add to my already running swing long.

What I’ll be looking for next, once price has tapped that zone, is a reclaim of the previous range.

Once that happens, I’ll be looking to trade the continuation, with my target being the highs around $83K.

The current environment remains quite difficult to trade, so there’s also nothing wrong with staying out of short-term positions until the market offers a clearer direction.

If you want to keep things simple, I believe gradually adding spot exposure on deeper pullbacks from here makes the most sense.
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
BTCBTC+0.78%

  • 1

Add a comment
Add a comment

Comment
HighAmbition
21 minutes ago
How much upside is left ?
0
HighAmbition
21 minutes ago
First Review
That move is wild 🔥
0