Bitcoin Analysis – Yesterday the Market Went Crazy

83
Hey traders!
Let’s jump into today’s Bitcoin analysis.

Yesterday the market went full crazy mode
As I told you before, you could take both long and short positions from the extremes — and I did exactly that. Both directions activated ✔️

First things first, like always, the Fear & Greed Index:
24 — still in the Fear zone.

🔍 Quick Look at the Daily Timeframe

I want you to open your daily chart with ZERO indicators.
Just look at the structure.

The daily trend is still bearish, and right now we are simply in a correction of that bearish trend.
According to Dow Theory, if we consider the primary trend as down, then we’re currently in the secondary movement.

Keep that in mind — it matters.

🚀 Scenarios & Triggers
📈 Bullish Scenario (LONG)

If price wants to move up:
👉 Breaking 92,000 is my main LONG trigger.
I will definitely take a long there, especially if the move starts during the US session or if I see clean stepping volume.

You can also long from 91,500,
just wait for a clean 1-hour candle close.

📉 Bearish Scenario (SHORT)

For shorts on Bitcoin itself — honestly,
👉 there’s NOTHING until 89,200.
Market structure isn’t giving any short setup yet.

Until then:
🔸 either wait
🔸 or look for altcoins that are bearish against BTC — those can give great short setups.

🟢 About Yesterday’s Trades

Both trades activated:

Short → closed at 2R, solid.

Long → almost hit 2R, but because my entry was a bit far, price reversed and hit SL.

Totally normal when the market has no clear direction.

🎯 Final Notes

Keep the scenarios in mind.
Watch the volume.
And as always — risk management comes first.

Stay profitable 💚🔥

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.