mhluongo

$BTC is starting the week with a corrective move higher, but my plan remains unchanged: we’re still compressing, and my bias is still bearish. Bitcoin is currently testing the $63.8K area, making the $64K region an interesting scalp-short POI. We’ve now had two consecutive weekly inside bars, which continues to signal higher-timeframe compression. That makes trades within this range slightly riskier, but there are still valid setups. A rejection around $64K could offer a scalp short toward the equal lows at $62.3K. If $BTC sweeps the $64.5K equal highs, I’d look for a short after confirmation, targeting the same $62.3K area. If you took the hedge-long around $63K as mentioned last week, taking partial profits and moving the rest to breakeven makes sense. The NY session should provide more clarity. #ChinaJulyOutputRetailInvestmentAllMiss #SECCancelsCryptoRulemakingMeeting