BTC is still ranging. The 67,500 area is holding, but above that 68,300 has been pressing down continuously.
The longs are getting a bit crowded: OI is rising, but price hasn’t moved up much. In that kind of setup, it’s easy to get whipsawed back and forth.
So I’ll be a bit cautious:
Hold around 67,500 first, then consider going long lightly,
If it pushes toward 68,300, treat it as resistance,
In the middle range, just observe first.
The longs are getting a bit crowded: OI is rising, but price hasn’t moved up much. In that kind of setup, it’s easy to get whipsawed back and forth.
So I’ll be a bit cautious:
Hold around 67,500 first, then consider going long lightly,
If it pushes toward 68,300, treat it as resistance,
In the middle range, just observe first.