we are watching just the direction and sentiments. what comes next is in uncertainty for time now
Panda Traders
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Bitcoin Will Dump below 50k or Not. Let's Discuss
what i’m seeing is this: btc is still holding the higher-high / higher-low structure on higher TF. as long as that doesn’t break, bias stays up. key things i’m watching: 👉trend: price above the main moving averages (50/200 area on higher TF). if we start living under them again, bullish story gets weak. 👉structure: last clean swing low is the line in sand. if that low gets taken and we can’t reclaim, i’m not marrying longs anymore. 👉resistance: there’s usually a “ceiling” zone where sellers keep tapping it. i want a real break + hold (not a 5 min wick) and ideally a retest that holds. 👉volume: i don’t trust breakouts with dead volume. i want to see buyers actually show up on the breakout candle(s). 👉rsi: if rsi is already overheated and price is pushing into resistance, we can easily get a pullback first. if rsi resets while price holds structure, that’s healthier for continuation. 👉liquidity: there’s almost always liquidity sitting above prior highs. if we sweep highs and instantly dump back under, that’s a trap signal. if we sweep and hold above, that’s strength. 👉fvg / imbalance: if price leaves a gap on the way up, it often comes back to tap it before continuing. so even if i’m bullish, i respect a dip-to-fill scenario. 🐼my “realistic” bull case: break + close above the main resistance on 4H/1D, then hold it on retest. if that happens, next leg up is very possible. my “don’t get rekt” warning: if btc breaks the last key higher-low and can’t reclaim, then this isn’t “bull run start” it becomes range/chop or deeper pullback. so yeah… bullish bias, but i’m letting price confirm. if it wants to run, it’ll run with or without hype.