BTC — Short → Pullback → Long ScenarioMulti-Timeframe Analysis

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BTC — Short → Pullback → Long Scenario Multi-Timeframe AnalysisBitcoin / TetherUSBINANCE:BTCUSDTRichie21SMTMy Daily chart remains one of the main starting points for determining my higher-timeframe bias. After approximately 46 days of consolidation, BTC finally broke out of the range with strong bullish expansion. The breakout clearly favored the bulls and showed a meaningful shift in momentum. What followed was interesting. After the initial expansion, we had approximately six days of strong interaction between buyers and sellers, and the current weekly candle is now developing into something close to a Doji / indecision candle following the previous bullish week. However, today is only August 29, 2026, and the weekly candle has not closed yet. There is still time left, and anything can happen before the close. My Bearish / Pullback Scenario If BTC fails to maintain its bullish momentum, begins consolidating and starts showing signs of weakness, I’ll become interested in a potential retracement of the recent expansion. This would potentially give me the second opportunity I didn’t get during the initial bullish move. I’ll admit that I felt some FOMO when BTC originally expanded without giving me the entry I wanted. But I’m much happier that I didn’t chase the move or enter without confirmation. If weakness develops next week especially with the monthly close approaching and price begins moving lower to rebalance some of the inefficient price action left behind, I’ll move to the lower timeframes and look for a possible short opportunity only after confirmation. No confirmation = no short. Where Does the Long Become Interesting Again? If a deeper retracement develops, my main area of interest sits around the 62%–79% Fibonacci / OTE retracement zone of the Daily bullish expansion. That does NOT mean I will automatically buy when price reaches the zone. The OTE is simply my higher-timeframe Point of Interest. Once price reaches that area, I want to see evidence that buyers are regaining control on the lower timeframes before considering a long. My ideal sequence would therefore be: HTF weakness → LTF Short Confirmation → Retracement / Rebalancing → Daily 62–79% OTE → LTF Bullish Confirmation → Potential Long Continuation There is also another possibility: BTC may simply continue higher without giving me any of this. And that’s completely fine. I’m not trying to predict the exact path of Bitcoin. I’m preparing scenarios and waiting for my system to tell me when I actually have a trade. No trigger → No trade. No confirmation → No entry. No chasing. These are my personal market observations and trading journal only. Not financial advice and not educational content. I’m simply sharing my journey as I learn, improve, and work toward managing my own portfolio for a living.