Bitcoin Sunday Analysis

BTC is still trading around 63K to 64K, and honestly, nothing has changed since my last update.

We're still trading inside the same range I've been talking about for months. Bitcoin is stuck between 54K and 72K, and right now it's sitting almost in the middle of that range. For me, this isn't a good place to get excited.

I've repeated this many times because my strategy hasn't changed. I prefer buying closer to the 60K to 54K support zone and taking profits into the 69K to 72K resistance area. Chasing price in the middle of the range just doesn't make sense. The risk is high, but the reward isn't.

A lot of people are already calling this the bottom, but I still don't agree. Real bear market bottoms usually come when people completely lose hope. We haven't seen that kind of fear yet. In my opinion, the final capitulation is still ahead of us.

I also believe the stock market still has unfinished business. Many stocks are trading at elevated levels, and my short positions there are still open. Premium members already know which positions I'm holding. If stocks start correcting harder, I wouldn't be surprised to see one more big move in Bitcoin before the real bottom is confirmed.

So my plan stays exactly the same.

If Bitcoin bounces into the 69K to 72K area, I'll be adding more shorts. Those limit orders are already waiting.

If Bitcoin drops into the 54K to 50K zone, that's where I'll start buying spot again. Even then, I'll treat it as a short-term trade first. If the bounce looks strong, I'll hold longer. If it doesn't, I'll take my profit and wait for the next setup.

I've also placed limit orders on Ethereum because my overall market view hasn't changed.

The biggest mistake traders make is feeling like they always have to be in a trade. Sometimes the best decision is simply to wait. Right now, I'm waiting for price to come to my levels instead of chasing the market.

As always, this is just my personal view of the market. It's not financial advice. Do your own research, manage your risk, and never trade based on emotions.