$BTC compresses further during the weekend as expected.
Higher timeframe I'm still looking to the downside as you probably know by now.
The 63.9K level remains the important local mid-range level for Bitcoin.
Pumps below 63.9K are valid for more aggressive short-scalps, if we reclaim it the 65K highs are in play again.
If price decides to got or those equals at 64.5K, a sweep of that into the rangehigh might be a short for next week.
Trading the range is clear, valid setups occur at the range-high, mid-range (lower quality but possible), and the range-low.
If you took a long at the 62.6K range-low, I'd just let it run and go BE if possible.
Still looking for better longs at the higher timeframe range-low at the 60K and 59K region.
All longs are still counter-bias on the HTF, so adjusting my TP's on that.
DYOR
$BTC
Higher timeframe I'm still looking to the downside as you probably know by now.
The 63.9K level remains the important local mid-range level for Bitcoin.
Pumps below 63.9K are valid for more aggressive short-scalps, if we reclaim it the 65K highs are in play again.
If price decides to got or those equals at 64.5K, a sweep of that into the rangehigh might be a short for next week.
Trading the range is clear, valid setups occur at the range-high, mid-range (lower quality but possible), and the range-low.
If you took a long at the 62.6K range-low, I'd just let it run and go BE if possible.
Still looking for better longs at the higher timeframe range-low at the 60K and 59K region.
All longs are still counter-bias on the HTF, so adjusting my TP's on that.
DYOR
$BTC