I'll keep it short! BTC Still struggling to break the 59k resistance and getting hammered down again and again from the resistance level. The possibility of a new low is still there around 51k to 53k level. Nothing but boring sideways for now. Whereas the lower time frame shows another possibility of a pump towards 59k straight. So it's better to stay aside and wait for the right moment. I am accumulating Long position in BTC, Will be accumulating till as low as 49K if it gets there with very low leverage. Since everyone is waiting for that 51k low, who knows we see a big green hourly candle breaking all the resistance levels?? :) So better to ladder in partially. My current long entry is around $56400.
Overall I am bullish on BTC.
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Thank you
#PEACE
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These are the two scenarios I feel could happen.
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