Keeping it simple: as long as we maintain levels above $40,222, Bitcoin is likely to reach higher targets. Consider every dip a blessing and a buying opportunity in altcoins. However, a close below $40,222 could trigger a bearish rally, marking a new lower low since the start of this 8-week run.
Action Plan: I am spot long and don't plan to make any changes unless something significant appears in my charts. For futures, I am taking profits as they show up, implementing strict stop-losses in my current positions.
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#Bitcoin : Persistent rejection in recent candlesticks raises concerns. Patience is key; I'll wait until the weekly close for a clearer picture. Meanwhile, as BTC remains stagnant, Altcoins are seizing the opportunity for remarkable rallies.
Stay vigilant in the market and be proactive in securing profits in your positions.
Your statement that maintaining levels above $40,222 could lead to higher targets for Bitcoin simplifies the market analysis, focusing on a key price level
thanks for thinking of us though