Let us talk about BTC/USD today. If BTC/USD tests 65,379 I think that the current market structure will simply take it into a bearish trend. Thus, it is not strong idea to trade BTC for now but it can be volatile than Gold etc.
Be patient until 59k-60k for BTC. This will send price to the high 62,552 maximum, check the two arrow (22). This will happen if the area of 63,000 to 62,000 breaks in the market. according to 4-hour. But if the market goes back to 66,449 level should go long. If this type of structure is often to be seen on the market, it means that BTCUSD would act like I have described. This is what we expect to happen.
But it is important to watch for key levels and how the market reacts at these areas. Only then look to enter a trade as the combination of bias provides you with more chance that your next trades will be successful ones. This method can help in spotting the most effective times to entry as well as reducing potential losses.
On top of the main price levels mentioned, also keep an eye on any broader market news and events that might trigger a larger move in BTC. The crypto market is highly volatile and full of unlimited sources that will affect the outcome in case such as: Market sentiment, external factors etc.
One more important part is risk management in trading. Make sure to set reasonable stop-loss levels, so that you protect your capital against unpredictable market conditions. Maintain discipline and consistency Avoid over-leveraging Stick to your trading plan
well prepared to trade with BTC/USD; stay tuned in the market, knowledge is power so use it wisely.
 Technical Analysis: Identifying the Next Move ){kind=link}
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