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We should see continuation higher as soon as BTC can. price shouldn't really spend a lot of time around the breakout area. That's the kind of breakouts i like to see.
When price broke $90k we expected continuation higher as long as $90k holds Its basically the same setup, now that $BTC is above $94k-95k highs we are expecting more upside as long as the break holds.
Use this chart and post for your education purposes.
CRYPTO MECHANIC
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Bitcoin daily closed above $94k-95k after 53 days of range.
This is where things get clearer. Assuming this is a breakout, we remain bullish and can expect a move toward $102k–$106k, as long as the price doesn’t close back inside the breakout.
Bitcoin daily closed above $94k-95k after 53 days of range.
This is where things get clearer. Assuming this is a breakout, we remain bullish and can expect a move toward $102k–$106k, as long as the price doesn’t close back inside the breakout.
BTC update Not really a bad weekly close, bitcoin managed to close above $90k. I think this is enough ranging, with stocks and commodities going up. I think BTC should move up this week. Probably get us above $94k.
$90k will be a key to watch, if price drops below it and fails to reclaim. We will likely see it head back to range lows.
If we look at the high timeframes, There is basically no trade setup on these majors. If you're losing money in between and have no idea what's going on, Zoom out, you will find that everything is trading within a range.
You don't have to flip flop your bias in between. can wait for the market to give you a close in either direction and take your trade. That's what i normally do when things are hard to trade.
Pretty good reaction on $BTC when it dropped around $90k yesterday. We are still technically in the range unless price gives us a $95k breakout. If we get the breakout that is where things will get pretty clear. Until then you can just play it level to level within the range.
CRYPTO MECHANIC
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BTC update Not really a bad weekly close, bitcoin managed to close above $90k. I think this is enough ranging, with stocks and commodities going up. I think BTC should move up this week. Probably get us above $94k.
$90k will be a key to watch, if price drops below it and fails to reclaim. We will likely see it head back to range lows.
If there is anything that destroyed crypto’s charm, it’s the easy access to creating memecoins. Anyone can launch a token in minutes, flood the market with garbage, and call it a “project.” Real innovation gets buried under noise.
Yes, it brings eyes to crypto but most of those people only come to lose money and never return. That damages long term adoption. When newcomers get rugged or stuck in hype cycles, they associate crypto with scams instead of technology.