nicolapolitopoulos

BTC range retest. Consolidation is key.

BYBIT:BTCUSDT   BTCUSDT Perpetual Contract
While most traders are warning of bear markets and crypto collapse, it is time for us to zoom out just a little bit.
Bitcoin has been trading in a "range" for the best 2 years, and i think this fall will be much less severe than we think it is.
My most likely scenario would be a wick under the previous supports, as to grab untouched liquidity from the lower levels, and maybe even fill the cma gap at 24k.
THIS IS MIGHT BE OUR TIME TO BUY. 24K/28K IS GOLDEN AREA.

If we are still trading in the range, a bounce should be expected with a long consolidation back to 35k levels.
If we are no longer in a range, keep your stop losses tight and your risk management in order.
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