Satoshi Son

$BTC Study & Analysis 🌱

💡Scenario 01:

Observing swing 01 on the 4H chart, the market has undergone a significant market structure shift, turning bearish. To consider short entries, we need to see a retracement to the $69,373.98 - $68,109.18 range. This area will act as a confirmation zone, where we can validate the bearish trend and look for potential shorting opportunities.🧐

💡Scenario 02:

On the flip side, the market has yet to retrace to our identified Bullish Point Of Interest (POI) at $65,718.17 - $64,383.25. This POI represents a critical support zone, where we can look for long entries if the price approaches and shows signs of a bullish reversal.

#DYOR

In summary, to make informed trading decisions, we are closely monitoring #BTC movement towards either the Bearish POI for shorting opportunities or the Bullish POI for long positions. Patience is key as we wait for these crucial levels to be tested .

#BTC #ETFs