The pressure is gone, but $70K —is more psychology than mathematics?
The market is really taking a breather. A good moment to gather your thoughts before a decisive move.
1. Jane Street and Selling Pressure The crash is yesterday's news. The market has digested this news, and we see that $67K is holding confidently. Many major players used the panic to build positions rather than to exit. Pressure has eased, but caution remains.
2. Resistance on the way to $70K
The main enemy now isn’t sellers, but empty orders. From $68K to $70K —is a zone where many long positions were built in April. Once we break $68.5K, stop-loss triggers for shorts could push the price to $70K faster than we think. The psychological barrier is now more important than the technical one.
3. My Strategy I enter in parts. I don’t wait for the perfect candle at $70K to confirm the trend. If the market moves up, I won’t have time to get in from $68K to $70K . It’s better to build a position here, during consolidation, with stops below $66K.
🚀 What do you think? Are you adding on the retest of $67K or will you jump on the train only after it starts moving? #CanBitcoinReclaim $BTC
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The pressure is gone, but $70K —is more psychology than mathematics?
The market is really taking a breather. A good moment to gather your thoughts before a decisive move.
1. Jane Street and Selling Pressure
The crash is yesterday's news. The market has digested this news, and we see that $67K is holding confidently. Many major players used the panic to build positions rather than to exit. Pressure has eased, but caution remains.
2. Resistance on the way to $70K
The main enemy now isn’t sellers, but empty orders. From $68K to $70K —is a zone where many long positions were built in April. Once we break $68.5K, stop-loss triggers for shorts could push the price to $70K faster than we think. The psychological barrier is now more important than the technical one.
3. My Strategy
I enter in parts.
I don’t wait for the perfect candle at $70K to confirm the trend. If the market moves up, I won’t have time to get in from $68K to $70K . It’s better to build a position here, during consolidation, with stops below $66K.
🚀 What do you think? Are you adding on the retest of $67K or will you jump on the train only after it starts moving?
#CanBitcoinReclaim
$BTC