$BTC OUTLOOK – Patience Over FOMO Bitcoin is sitting right around $64.2K as I write this. Zoom into the lower timeframes (1H, 30m) and it looks lively; green candles, short-term strength, the usual bullish chatter. But step back to the daily and the bigger picture becomes clear: BTC is still trapped inside a wide, stubborn range. That range has been defined for months: - Resistance near the June high around $67K - Support at the July low near $57.6K Price has been chopping between these levels without delivering a clean, decisive breakout. The market is coiling, not trending. I’m still firmly in the long camp for the higher-timeframe structure. The overall bias remains bullish. However, right now is not the ideal moment to chase. We still have unfinished business on the downside. I expect the market to hunt liquidity sitting under the recent late-buyer clusters. A move down toward the $60K zone (possibly testing lower liquidity) would clean out those weak hands and reset positioning. That area looks like a high-probability region where demand can step in and we can start building a stronger base. From there, the path opens for a more sustainable leg higher. The next major magnet sits around $70K; roughly the 0.5 Fibonacci retracement of the larger weekly swing. That level aligns with key structural targets and would represent a healthy continuation once the range finally resolves upward. Key takeaway: Stay patient. Let the liquidity grab happen. Don’t FOMO the current bounce just because the lower timeframes look green. The real opportunity for high-conviction longs will likely appear after we see that deeper pullback and confirmation of strength from the $60K region. Range bound for now. Liquidity first. Then the real move. What’s your view; are you waiting for the dip or already positioned? #Bitcoin #Trading #Priceaction
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@BtcDiam
21 hours ago
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