π With the current market structure, our preferred strategy remains LONG rather than SHORT.
However, this is not an ideal area to chase the price, as BTC has already rallied from around 62.8k to above 64.4k without a meaningful pullback.
The safest approach is to wait for a retracement into the 64.0kβ64.2k support zone. If the M15 or M30 chart shows a bullish reaction or a reversal candlestick, it could provide a higher-probability LONG entry.
β οΈ Stay patient, wait for confirmation, and always manage your risk before entering any trade.
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ππβ πππππ‘πππ πππ€π€ππ ππ€ π π BTC UPDATE 05/08 β BULLS REMAIN IN CONTROL, BUT WAIT FOR A PULLBACK TO BUY BTC continues to show strong bullish momentum, consistently forming higher highs and higher lows in the short term. On the M15 and M30 timeframes, price has broken out of its consolidationβ¦