06/02/23 Weekly outlook
Last weeks high: $24279
Last weeks low: $23381
Midpoint: $22482.5
More of the same consolidation and choppiness last week as the week previous, with FOMC propelling BTC to a high of 24.4k, still short of where I feel like most people have their shorts positioned around 25k waiting for a swing fail. It would not surprise me if we saw a local high for a little while and BTC drops to the 21.5k range before any further leg up.
With a large FVG just under the 22.3k area looking to be filled, this is where I'm looking to do business.
Short from current level and long from 21.5
Last weeks low: $23381
Midpoint: $22482.5
More of the same consolidation and choppiness last week as the week previous, with FOMC propelling BTC to a high of 24.4k, still short of where I feel like most people have their shorts positioned around 25k waiting for a swing fail. It would not surprise me if we saw a local high for a little while and BTC drops to the 21.5k range before any further leg up.
With a large FVG just under the 22.3k area looking to be filled, this is where I'm looking to do business.
Short from current level and long from 21.5
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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.