🚀 Bitcoin ~ The Only Truth in the Markets is Price

Hello! I am enTHUZed an educator specializing in the Strength Trading System.

🚀 BTC confirmed a bearish monthly double top February 21st and began monthly consolidation. Price then broke to weekly lower lows realizing the 61.8% Fib static support level at $19,550. Only hours into the new week BTC Bull Ripped 12% off the lows nearly realizing the 88.6% Fib retracement. Due to the depth of the pullback the most likely scenario off the lows is a weekly/monthly lower high relative to 25.2K.
Price is in a confirmed 4h uptrend firmly above the 4h 200 EMA. First 15m oversold conditions did mark the 4h HL with bullish continuation to 4h HH’s. Bulls & Bears are scouting next 5/15m oversold conditions to identify more & less likely scenarios in regards to price action.
BTC remains in a monthly & week downtrend. Price has confirmed a midterm 4h uptrend but has yet to confirm a 12h/daily uptrend. Price must pullback and print a daily HL vs 19,550 then break to daily HH’s to confirm a macro uptrend. Otherwise price remains in a macro downtrend and this Bull Rip off the lows will simply result in a daily/weekly lower high.
Please keep in mind the technicals have never been less relevant than over the last 12 months of trading with retail perception of fundamental news resulting in “whipsaw” bull rips & bear dips. Traders have been lacking “3-point checklist” high probability trades for those that are technically inclined. “Headline” trading continues to dominated the market.

✅More likely scenario IMO: We have witnessed an unprecedented Bull Rip after breaking to weekly lower lows. American bank failures, stable coin de-pegging, & and centralized government financial intervention cloud the trading waters making it much more difficult to identify more likely & least likely scenarios in trading.

☑️ Personally: Taking all things into account, moving forward in these market conditions I am going to put much more focus on price action. We currently have a weekly bear break to lower lows lacking follow through “V” shaping to the 88.6% retracement. I will be focused heavily on 5&15m oversold conditions and where these conditions are confluent with dynamic 200 EMA support levels from the 5m to 4h. Keeping in mind we had the most PA clarity on the 2h timeframe at the weekly lower low. My account is heavily weighted short and I will be scouting naked long opportunities to balance my account. I am focused mainly on the 50X tickers on Bybit.
*Please keep in mind as we get more information daily my trade game plan may change.

📍 Simple Bull Statement: BTC has to flip the 4h 200 EMA back into support to break to Weekly/Monthly higher highs.

📍 Simple Bear Statement: Price needs to lose the 15m uptrend to begin 4h consolidation. If the 4h 200 EMA does not provide support on the next back test bears may look to scout short opportunities.

👉 It is important to note:
1. Bitcoin dominance is back on the rise breaking to weekly higher highs.
2. The DXY is weak breaking to daily lower lows and has potentially printed a bearish weekly lower high.
3. The NAS100 & SPX500 are both in confirmed daily downtrends while maintaining weekly uptrends.

*️⃣ Make your own trade decisions, I am only an educator on the Strength Trading System.