BTC at $73k: Time to celebrate or to protect profits? 🛡️📈
Bitcoin has just made an impressive leap to $73,137, but as experienced traders, we know that after big "God Candles", the risk of correction increases.
What to observe now:
Distance from Averages: The price is well above the MA(7) and MA(25). Historically, the chart tends to return to test these averages as support.
Possible Retest: A pullback to the $72,000 - $72,500 zone would be healthy to consolidate this movement and confirm that the former resistance has turned into support.
Volume: The volume is high (959M USDT), which is good, but be alert for signs of buyer exhaustion at the top.
My strategy:
Instead of jumping into FOMO now, I prefer to adjust my Stop Losses and watch if the price can stay above $73k in the next 1h candles.
Tell me in the comments: Are you buying now or taking partial profits? 🧐👇
⚠️ Legal Disclaimer: This content is for informational purposes only and does not constitute financial advice. The cryptocurrency market involves high risk. Always do your own research (DYOR) before investing.
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