$BTC starts the week with a corrective pump.
Plan is the same as last week, we're still in compression and my bias remains down.
Bitcoin is currently testing the 63.8K region, which is an interesting scalp-short POI since the 64K level is right above it.
For two weeks we've seen inside bars as weekly candles, as long we continue to see that we're compressing on the HTF.
Therefore positions taken in this range are a bit more risky, but still doable imo.
The 64K region can give nice scalp-shorts towards the equal lows at 62.3K.
If price decides to sweep the equal highs at 64.5K, a short after the trigger is valid with the same 62.3K target.
If you took a hedge-long at the 63K region as mentioned last week, I suggest you take some profit and go BE.
NY-session will give some clarity probably.
Plan is the same as last week, we're still in compression and my bias remains down.
Bitcoin is currently testing the 63.8K region, which is an interesting scalp-short POI since the 64K level is right above it.
For two weeks we've seen inside bars as weekly candles, as long we continue to see that we're compressing on the HTF.
Therefore positions taken in this range are a bit more risky, but still doable imo.
The 64K region can give nice scalp-shorts towards the equal lows at 62.3K.
If price decides to sweep the equal highs at 64.5K, a short after the trigger is valid with the same 62.3K target.
If you took a hedge-long at the 63K region as mentioned last week, I suggest you take some profit and go BE.
NY-session will give some clarity probably.