SharpEdge Crypto
Buying $WET on this breakout!
$WET Update: Previous high broken. It’s starting. 🚀
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$BTC/USDT: There are three possible scenarios for Bitcoin right now, as we still can't confirm the direction.
Major resistance is around $81K–$83K. I think we could reach that area pretty quickly, followed by a possible retracement toward $74K–$76K.
1. Bullish breakout: If $BTC breaks above $83K without a major correction and the breakout is confirmed by strong volume, it could signal the beginning of a bull market that continues into next year.
2. Healthy correction, then breakout: $BTC corrects to the $74K–$76K area, holds support, then moves back toward $83K and breaks above it. This would confirm a longer-term bullish structure and could lead to a bull market continuing into next year.
3. Worst-case scenario: If $74K fails to hold and $BTC continues lower, then this entire move may have been nothing more than a dead-cat bounce, and we could see new lows.
We can't predict exactly which scenario will play out, so be prepared for multiple scenarios instead of betting everything on one direction.
Major resistance is around $81K–$83K. I think we could reach that area pretty quickly, followed by a possible retracement toward $74K–$76K.
1. Bullish breakout: If $BTC breaks above $83K without a major correction and the breakout is confirmed by strong volume, it could signal the beginning of a bull market that continues into next year.
2. Healthy correction, then breakout: $BTC corrects to the $74K–$76K area, holds support, then moves back toward $83K and breaks above it. This would confirm a longer-term bullish structure and could lead to a bull market continuing into next year.
3. Worst-case scenario: If $74K fails to hold and $BTC continues lower, then this entire move may have been nothing more than a dead-cat bounce, and we could see new lows.
We can't predict exactly which scenario will play out, so be prepared for multiple scenarios instead of betting everything on one direction.
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JUST IN: 🇺🇸🇨🇦 US officially imposes 50% tariffs on select Canadian imports, effective immediately.
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