Hello everyone, if you like the idea, do not forget to support with a like and follow.
BTC broke above the 60k zone and its ATH. Now BTC is retesting the 60k support so we will be looking for trend-following buy setups on lower timeframes.
on M30: BTC is forming a channel in red but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)
Meanwhile, until the buy is activated, BTC would be overall bearish can still trade lower inside the support before going up.
And of course, we would be looking for buy setups around the 58k-60k support, unless it is broken downward.
Good luck!
All Strategies Are Good; If Managed Properly! ~Rich