Bitcoin's Critical Range: Watch for Breakout or Rejection
I agree — that range is critical for Bitcoin's next directional move. It will likely dictate whether momentum resumes or a consolidation continues.
I will watch price action and volume at the range boundaries closely and wait for a clear break or decisive rejection before changing my position size.
Analysis
The highlighted range likely represents a meaningful support/resistance zone. Watch for volume-backed breakouts for bullish continuation or sharp rejections for potential consolidation or pullback.
Recommendation
Remain patient and monitor price/volume behavior at the range; avoid initiating large positions until a confirmed breakout or rejection occurs, then scale in with risk management.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.