
#Bitcoin nearly completed a full reversal after filling 100% of resistance channel. In our last TA we highlighted the importance $84k in triggering the reversal — this region turned into resistance during month October, signaling the start of reversal. Now #BTC price is approaching the upper zone of support channel offering an opportunity to begin closing out the Short Hedge Position. The targets are below $78k — down to lower base of $71k–$68k At same time, the advanced Long Position we began building within resistance channel — to protect against increased exposure in hedge should price advance through another subcycle — has an average price near $80k, with new orders to increase the Long Position also beginning to trigger below $78k, with a final target of $71k–$68k. The goal is to bring the average price of Long Position to $73k–$75k The primary expectation is that rotation will continue until the support channel is completely filled — at some point. patience is key!
