- Bitcoin is currently trading at 99,453$, down almost 11% from its ATH
- Bitcoin trapped many buyers above 110,000$, and now they have become aggressive trapped sellers
- We have origin fill left and a large inefficient gap left for Bitcoin to fill at 88,765$ to flip bullish I will sit and wait for BTC to start a consolidation there, and then I will look for aggressive spot buys
- Avoid leverage at all cost, it makes no sense to lose money until the price behaviour of BTC settles We can see BTC repurging 73,000, it's in the playbook as well
- Market Structure shift in BTC is highly bearish unless we see a structure shift on a 4h or 1d TF
- Manage your risk and try to avoid leverage at all cost
- Bitcoin trapped many buyers above 110,000$, and now they have become aggressive trapped sellers
- We have origin fill left and a large inefficient gap left for Bitcoin to fill at 88,765$ to flip bullish I will sit and wait for BTC to start a consolidation there, and then I will look for aggressive spot buys
- Avoid leverage at all cost, it makes no sense to lose money until the price behaviour of BTC settles We can see BTC repurging 73,000, it's in the playbook as well
- Market Structure shift in BTC is highly bearish unless we see a structure shift on a 4h or 1d TF
- Manage your risk and try to avoid leverage at all cost
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.