BITCOIN - Recovery? or Collapse?
2025-02-08
Category: None

BTC-USDT (1D Timeframe)

Long trade targets achieved, but Bitcoin is looking bearish based on the  Risological Trading Indicator.
 

The price is retracing after a strong uptrend.

 Key Levels: 
Entry: $64,464
Stop-Loss (SL): $61,682

 Take Profit (TP) Levels: 
TP 1: $67,903 ✅
TP 2: $73,467 ✅
TP 3: $79,032 ✅
TP 4: $82,470 ✅

 What’s Next? 
Pullback or Trend Reversal?

If support holds, we could see a bounce back for another bullish leg.
If momentum weakens, Bitcoin might see a rude reversal toward lower levels.

Iam not getting into a short position as yet, till I see the first candle close on Daily time frame below the Risological dotted trendline.

FOMO is a profitable trader's No.1 enemy! I am not going to fall for this, at the moment.

Wish you all the best, and do follow and upvote if this update has helped you.

Namaste!