Bitcoin has reached a milestone it has hinted at since last year, with the recent rebound near 98k creating a convergence of potential paths. This juncture can tilt the market toward higher levels or pull prices lower, making the coming moves crucial for the annual outlook. As the direction unfolds, traders should monitor how the short-term structure develops rather than chasing a broad macro view.
A prolonged adjustment could persist through the year unless certain prerequisites are met. If key levels on the short-term chart fail to hold, accumulating signals on the smaller timeframe may set the larger trend in motion. Therefore, a focus on short-term charts is prudent for now.
A potential resolution to complex correction occurs upon breaking through 116k; until then, volatility can swing the outlook. Implementing split buys and sells is the best way to reduce risk and improve entry efficiency.
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