Bitcoin Inu (tokeninu.xyz) (BTC)

bitcoin:native

Bears have controlled this entire move since Monday’s New York open. Every bounce has been sold, every lower high has mattered, and price has been walking under the same intraday downtrend the whole way.

So step one is simple, BTC needs to take the diagonal.

Not because a trendline break is some magical bull signal. It isn’t. It just tells us the immediate sell pressure may be losing control for the first time this week. After that, the real work starts.

The first horizontal I care about is the Thursday New York open around 61.3k, right before the dump. Reclaim that, and the chart gets slightly more interesting. Then you have 62.2k, then the bigger 64k area above.

That would be the difference between a small bounce and actual repair.

Right now bears still have the ball. Bulls don’t need a miracle, but they do need to start taking levels back instead of just surviving near the lows.

Break the diagonal, reclaim Thursday’s open, then start stacking horizontals.

Until then, it’s still pres

$btc longs

Closing 80% of the trade at b/e for now.

Alright, still very slow pa and Friday's close is coming up.

New York closed and we are still trading inside our hourly range for a full session, tapping range low below and rejecting key pivot situated at midrange. above price.

I am personally not interested nor expecting the range to break during the weekend.

So overall plan remains. I continue to expect us to range in the hourly, break out and move to 66k.

But execution and plan are separate. Where spectators can just draw a line and say "see, it's tracking", when you actually execute, you deal with some emotions, sometimes slow price action, funding rate cost, fees, liquidity hunts and risk of exposure.

So I'm closing the trade here (for 80%). Why 80% and not full? Because my plan remains and thus keeping small leftovers is an execution strategy which keeps you engaged to your plan of execution.

If price just runs for some strange reason during the weekend (very unlikely), then I am still expos

Correct. Markets can go up or down.

The useful part is knowing what would make each side more likely.

February into 60k was panic. This return is slower, lighter, and unresolved.

Amateurs want a prediction.

Pros want a level, a reaction, and trapped positioning.

Now demand either shows up or it doesn’t.