BTC: Long at Breakout or Sell at Breaker Block?
Assessing two potential scenarios for BTC, my bias leans bullish. The recent closure of the CME gap and successful liquidity sweep above the gap contribute to this optimistic outlook.
However, a critical factor to consider is the breaker block, particularly as it aligns with a corrective wave level, creating confluence for the short side. Monitoring the market's response to this level is crucial, as a retracement might occur, possibly heading towards the 36k-32k range. Staying adaptable to evolving market dynamics is key in navigating these scenarios.
However, a critical factor to consider is the breaker block, particularly as it aligns with a corrective wave level, creating confluence for the short side. Monitoring the market's response to this level is crucial, as a retracement might occur, possibly heading towards the 36k-32k range. Staying adaptable to evolving market dynamics is key in navigating these scenarios.