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False alarm—we reversed the short position into a win. After a dip and rebound, we're making another push at the 71k level. Congrats on successfully capturing around 1400 points of gains!
What looks like a bearish breakdown is the scariest trap—if you chased at the lowest point, you'd wake up to losses while others are collecting profits. Both laughable and lucky.
Since BTC is sawing back and forth around 70k, there's no pressure from a push at the 72k resistance level from the previous day. Today, we continue to watch this level. On the downside, we're still monitoring support around 69k.
Today's outlook favors range consolidation with a bias toward long positions. In the 6.95-7k zone below, we continue to pick up longs. Orders sync accordingly, and short positions will be provided in real-time based on trend development $BTC