Trade 240821 Update: Profit Target Missed

Trade closed without reaching our initial profit target of $58,000. Despite this, the market dynamics provided some interesting insights:

• Resistance Breakthrough:
  • The market initially broke through the $60,000 resistance level.
  • I decided to enter a short at $61,100.
  • Price rebounded at the new support level of $60,000.
  • Price action seems to confirm an upward trend.
• Current Standing:
  • Price action (PA) has now climbed to around $64,000, indicating strong bullish momentum following the resistance break.