📊 BTC/USD: Defining Moment 🚀📉
Bitcoin is in a technical capitulation zone after moving away from highs near $126,000. Here are the key points to follow:
Critical Support: The price is testing the level of $69,500 - $68,700. If it loses this zone with a daily close, the next technical target is $48,500.
Indicators in Red: The SMI and the Awesome Oscillator show an increase in bearish momentum, confirming that selling pressure remains active.
Resistance to Overcome: To regain the bullish structure, we need to see a consolidation above $97,420 (SuperTrend Zone).
💡 Strategy for the Trader:
If you are trading futures, the key today is survival:
Low leverage: Maximum 3x to 5x to distance the liquidation price.
Isolated Mode: Protect your total balance by limiting the risk per trade.
Mandatory Stop-Loss: Always place it above the liquidation price to curb losses.
⚠️ The market is in a liquidity "cow." Do not try to guess the bottom; wait for a clear rejection signal before entering.
🤏 My projection is between the Ultra extreme 31,000 and the not so extreme floor 44,512.
