$BTC

I’m not interested in shorting here.

Everybody seems to have the same POI around $83.7k-$84.3k.

While this is definitely a valid level to short, the setup has become extremely obvious and a lot of traders seem to be waiting for the exact same rejection.

I personally would much rather wait for a clean reclaim of $84k.

If buyers manage to break through that area, a lot of those shorts could get trapped and provide additional fuel for a continuation higher.

In that case, I’d look for continuation longs targeting the unswept highs around $87k.