@wealt_hmanager · 2.3K subscribers
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The best entries are usually found when most traders are too scared to take them. BTC is at a make-or-break level right now. If we hold this level and bounce, I expect a move back toward the upside of the range around $82,000. A long here with a $74,700 SL offers a very attractive risk/reward set…
$ETH MVRV just hit 1.0 meaning ETH’s market value is back around the average realized cost of its holders. That’s the same zone where major $ETH cycle bottoms have formed before.
$BTC is still trading around the $76,000 level, so there’s no confirmed breakdown yet. An interesting day ahead with the FOMC. I’m watching this level closely for either a confirmed loss of support or a potential bounce. Until then, a long setup remains on the table.
$BTC just swept the $74K–$76K support zone, but RSI is printing bullish divergence. Price is making fresh lows while momentum isn’t. If this holds, a sharp relief bounce could be next.
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