Bitcoin X (tokenxoff.xyz) (BTC)

Let’s imagine 3 different tranches of $1000

1 in stablecoins via whichever chain
1 in USD on a bank account
1 in Bitcoin on a self-custody wallet

Which $1000 is the “safest” in terms of being freedom money you could spend without the chances of being frozen, halted, or seized?

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$BTC

The Falling Wedge gave us a bullish breakout, which should ideally take us towards the 65.7k region. However, that will mainly depend on whether we hold the Weekly Open on the revisit or not.

As of now, the LTF is showing signs of weakness, and a retest of the Weekly Open at 63.6k looks quite likely if we sweep 64.6k and reject from there.

Overall, there's a lot of chop in this PA, which isn't surprising. This is exactly how the market behaves towards the end of a bear market.

Risk management is what's going to matter the most here because the sole purpose of these ranges is to hunt liquidity on both sides. Chasing trades or revenge trading in these conditions is something that can cost you dearly.

If you're trading this range like I am, make sure you're managing your risk. Win rates naturally drop in choppy conditions because the PA becomes much trickier.