BTC/USD – WAIT FOR THE CROSS

Price has been respecting a descending trend line ever since topping out near the 108k area. We have a potential “High-Risk Buy” zone in the mid-to-high 90k range—worth considering for aggressive traders looking for a bounce. However, more conservative traders may want to wait for a confirmed break of the descending trend line (the “cross”) before jumping in. Managing risk is key in case bearish momentum continues.