Bitcoin continues to consolidate between 93,500 and 95,900.
Typically, the longer an asset consolidates, the stronger the breakout that follows.
There are two possible outcomes, and I won’t even try to guess which one will play out—but I do have a feeling that the odds slightly favor an upward move. To be clear, this isn’t analysis, nor is it based on chart patterns or some kind of insight—just my personal opinion. And I’m not going to trade based on that intuition. Why? Because I’d rather miss the very beginning of a move and enter with more confidence and lower risk.
📝Trading plan:
1. Go long on a breakout above 96,000 with a target of 109,000.
2. Go short on a breakdown below 92,900 with a target of 74,500.
This sideways structure will inevitably end in a strong move. My orders are set—I’m ready.
Typically, the longer an asset consolidates, the stronger the breakout that follows.
There are two possible outcomes, and I won’t even try to guess which one will play out—but I do have a feeling that the odds slightly favor an upward move. To be clear, this isn’t analysis, nor is it based on chart patterns or some kind of insight—just my personal opinion. And I’m not going to trade based on that intuition. Why? Because I’d rather miss the very beginning of a move and enter with more confidence and lower risk.
📝Trading plan:
1. Go long on a breakout above 96,000 with a target of 109,000.
2. Go short on a breakdown below 92,900 with a target of 74,500.
This sideways structure will inevitably end in a strong move. My orders are set—I’m ready.
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