BTC/USD has successfully shifted momentum and tested our marked zone. I expect it to reach the level of 64,944 to 63,350. This area is crucial for pushing BTC/USD back up. If you place your trade in the marked zone, it could be beneficial.
According to the daily chart, the market faced strong rejection, so I anticipate that BTC/USD should move downward, with a maximum target range of 64,425 to 63,350. BTC/USD has strong bearish tendencies. Remember, if the daily candle closes down during the NY session, it indicates that the market will likely continue moving downward. Be wary of potential traps that might make you think the market is going up.
Always remember the entry confirmations: liquidity, order block, FVG, and momentum shift. When the daily candle shows a downward trend during the NY session, switch to a 1-minute to 15-minute timeframe and wait for a momentum shift before executing the trade. BTC/USD is likely to move downward under these conditions.
In other side for downsize, if market break 63350 again you need to wait and pullback resuming another momentum before enter the trade. Please watch your size on a volatile market like BTC/USD.
some key points to remember:
Setup Confirmation: Observe liquidity, order blocks, fair value gaps (FVG), and a shift in momentum.
Risk Management- Always have a risk management strategy that will help you save your trading account.
Beware of Volatility: BTC/USD are very volatile pairs, and trades can open
BTC/USD has a good bear trend, The levels to watch are from between 64,944 and 63,350 The zone was put to test by the market and exhibited a downside bias.
During the NY session, observe the daily candle. If it shows a strong downward movement, it is a signal to prepare for a bearish trend. Use the 1-minute to 15-minute timeframe to find the best entry point by looking for momentum shifts. When the market shows a clear signal of a downward move, execute the trade with confidence.
Always keep an eye on the market’s behavior at key levels. Sudden movements can indicate traps or false signals. Ensure your trades are backed by solid entry confirmations to minimize risks.
However, the shares within BTC/USD will drop additional downward with a break below 63.350 throughout subsequent sessions. The bearish trend can then be confirmed, and the shorter time frames used to identify accuracy of entry points. But, remember at the end of the day risk management is key in a market this wild. You just need to follow these recommendations and track the dynamics of BTC/USD in order to trade only informed
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