A LITTLE VIEW ABOUT $BTC
Looking at the current 1H BTC frame, the upward momentum seems almost exhausted. After a relatively stable push up around 91k2, the price faced strong rejection at the Ichimoku cloud resistance + MA and quickly fell back, indicating insufficient buying power to maintain the trend.
Observing the past 12 hours, BTC has been moving sideways in a narrow range, fluctuating around 89k–90k, with low volume, MACD close to the 0 axis and histogram contracting → the market is in a state of compression rather than healthy accumulation.
RSI around 45–50 also reflects indecision, with no clear control from either side. This price behavior, from my trading experience, suggests that unless a positive news event occurs, BTC is likely to test around 88,300~87,500.
SO WHAT SHOULD WE DO?
100% we cannot accurately predict BTC's future trend. We can only prepare good scenarios to help avoid losses.
In my opinion:
▫️SET SL FOR LONG SHORT POSITIONS
▫️FOR ANY PROFITABLE POSITION, TAKE SOME PROFITS AND MOVE SL UP TO ENTRY
▫️LIMIT TRADING ON COINS THAT HAVE INCREASED TOO STRONGLY BECAUSE WHEN BTC CORRECTS LIGHTLY, THE SELLING PRESSURE ON THESE COINS WILL BE MUCH HIGHER COMPARED TO OTHERS.
What are your thoughts or share with us