$BTC again respected our POI perfectly.
The short from yesterday hit its TP's, and during the P.M. session our 81.1K long-POI we've been mentioning for days got hit.
Again a beautiful reaction after pin-point testing 81.1K, GG if you took the long.
I suggest you take profits and set your stoploss at BE.
I closed yesterdays short, and if you're in the long I'd just let it run and scale-out at the 85K region and 87K.
Bitcoin delivered very nicely yesterday, but I'm not going to add positions today personally.
Why? I trade mostly TradFi, and the day prior to big events like CPI can get choppy/make false moves.
It often engineers liquidity without clear direction and traps traders, to then come with the real move post-CPI tomorrow.
BTC may be less sensitive than TradFi, but for me it's an "off the charts" day.
Scalping is possible of course, but I'm simply not touching it.
DYOR
$BTC
The short from yesterday hit its TP's, and during the P.M. session our 81.1K long-POI we've been mentioning for days got hit.
Again a beautiful reaction after pin-point testing 81.1K, GG if you took the long.
I suggest you take profits and set your stoploss at BE.
I closed yesterdays short, and if you're in the long I'd just let it run and scale-out at the 85K region and 87K.
Bitcoin delivered very nicely yesterday, but I'm not going to add positions today personally.
Why? I trade mostly TradFi, and the day prior to big events like CPI can get choppy/make false moves.
It often engineers liquidity without clear direction and traps traders, to then come with the real move post-CPI tomorrow.
BTC may be less sensitive than TradFi, but for me it's an "off the charts" day.
Scalping is possible of course, but I'm simply not touching it.
DYOR
$BTC