BTCStill Range-Bound Wait for Confirmation Before Committing
Bitcoin failed to break below $62,339 and has bounced from that level. However, the market still lacks a clear trend, so it's important to stay flexible and avoid becoming biased.
📈 Long Setup
Long Trigger: $63,965
Target: $65,547
If the 1-hour RSI climbs above 65, it would provide additional confirmation for a long position.
📉 Short Setup
If Bitcoin is rejected at $63,965, I'll start looking for a new short trigger.
Main Short Trigger: $62,339
📊 Market Outlook
The market remains directionless, so don't get too attached to any position.
If you notice momentum fading or signs of trend weakness after entering a trade, consider taking profits, reducing your position, or moving your stop-loss to breakeven instead of holding for an extended move.
Until Bitcoin establishes a clear market structure, staying disciplined and reacting to price action is more important than trying to predict the next major trend.