Bitcoin - Keeping It Simple!

Hello TradingView Family / Fellow Traders,

📦 After rejecting the $70,000 - $72,000 resistance zone, BTC has been hovering within a narrow range during a correction phase.

📈 For this impulse phase from $20,000 to persist and push towards the next resistance at $80,000, a break above the $72,000 mark is needed.

📉 In parallel, if the $60,000 support is broken downward, we expect an over-extended bearish correction towards the $50,000 - $52,000 support zone.

Which scenario is more likely to happen first, and why?

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Richard Nasr