$BTC / $USDT - TA OTD 📊 - In partnership with @OKX Very constructive price action on $BTC after the dip at $105K. As you can see, price action turned bullish from there and now price is pushing higher. So, are we ready for price discovery or is it a fake out? Well, just follow me! 👇

As you know we have positioned long once again on the last dip and our position is well in profit already. While everyone was waiting for lower prices, I clearly wrote that $105K was the key level to hold for a strong bullish continuation and that's what we got.

But while we celebrate our victories, it is important to focus on what lies ahead of us. While I am very positive about a possible breakthrough into price discovery, I remain cautious about the significant obstacle just above the current price. In fact, at $110K, we have the biggest resistance level and the largest liquidity cluster, making that level the most crucial zone for the next days and weeks.

Should that level be broken with conviction, nothing will stop us from going into the blue sky of price discovery. Should that happen, my conservative target for the coming weeks is clear and lies just at the Fibonacci Extension ahead.

That's it for today. And remember, nothing in this thread is financial advice; all my content is for educational purposes only! If you like this thread 🧵, hit that like ❤️ button and repost the first message!

174.3K

The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.