Two scenarios at this point:
We have a new range, but it could break quickly since there’s an active downtrend expiring on the 20th.
That means I can’t blindly bid into the low $80Ks like before—it’s getting trickier, and we’ll need to rely on proper triggers.
If it breaks down and continues lower, I’d like to see the
59K-$62K zone get tested.
The **uptrend remains intact**, and I think we can all agree that **Bitcoin could be higher later this year**. I don’t see it going above **$200K**, but at the very least, I expect it to challenge its current **ATHs**.
For now, I’m just focusing on **key levels** and patiently waiting for **triggers—if any**.
There are plenty of ways to play this:
- Another **mid-level retest** and **reclaim** → I'll go **long**.
- If it **bounces**, I’ll look to **short** into the **low $90Ks**.
- If **nothing happens** and it starts **breaking down**, then **$75K** is a key zone, and **$71K** becomes pivotal for both **longs and shorts**.
Just **keep your levels clear** and **wait** until they are breached.
We have a new range, but it could break quickly since there’s an active downtrend expiring on the 20th.
That means I can’t blindly bid into the low $80Ks like before—it’s getting trickier, and we’ll need to rely on proper triggers.
If it breaks down and continues lower, I’d like to see the
59K-$62K zone get tested.The **uptrend remains intact**, and I think we can all agree that **Bitcoin could be higher later this year**. I don’t see it going above **$200K**, but at the very least, I expect it to challenge its current **ATHs**.
For now, I’m just focusing on **key levels** and patiently waiting for **triggers—if any**.
There are plenty of ways to play this:
- Another **mid-level retest** and **reclaim** → I'll go **long**.
- If it **bounces**, I’ll look to **short** into the **low $90Ks**.
- If **nothing happens** and it starts **breaking down**, then **$75K** is a key zone, and **$71K** becomes pivotal for both **longs and shorts**.
Just **keep your levels clear** and **wait** until they are breached.
Note
$75K-$76K holding for now. Seeing a few early signs of a possible bounce. Ideally, this level holds to push
BTC toward $85K.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.