I decided to go long on 
BTC below 80k.
There's a lot of confluence in that zone. Could it go lower? Of course. I think 75-76k would be a more optimal entry, but as long as I can grab some below 80k, I believe the chances of a bounce are higher than expecting sub-70k levels...
I could be completely wrong, and this could just be part of the normal path toward 71k, but I like my odds here.
At least, I plan to take some profits around the mid-80ks.
I’m mostly waiting to see how the market reacts post-Q1, especially after March 20th, before jumping back in big (just high caps)
BTC below 80k.There's a lot of confluence in that zone. Could it go lower? Of course. I think 75-76k would be a more optimal entry, but as long as I can grab some below 80k, I believe the chances of a bounce are higher than expecting sub-70k levels...
I could be completely wrong, and this could just be part of the normal path toward 71k, but I like my odds here.
At least, I plan to take some profits around the mid-80ks.
I’m mostly waiting to see how the market reacts post-Q1, especially after March 20th, before jumping back in big (just high caps)
Trade active
Taking some off on BITCOIN here. Firts retest after the breakdown, should be rejected. IF NOT, then we all go back to adding more risk. Bottom seems likely but I still think we range for two weeks...
Note
I want to see the price hold above this level. It still hasn't managed to break the current market structure, so if it can hold above the 85-87k range and then aim for 97k, that will create the break in market structure needed to lean into bullish momentum. Note
Erased the move by now.It either holds this zone above 85k or goes back to new lows around 76k.
Note
Great reaction off the initial **$76K-$78K** entry zone. Should have stuck with the original analysis and kept bidding that area. For now, I see another push into
88K before a retrace—I'll decide my next move from there.
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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.