The big pancake is now 63808, and it’s back to that boarding spot.
We said earlier that the range from 63.0k to 63.5k would be the area for chaining/tapping bids, and now it’s right in there.
In the past two days it’s been whipsawing back and forth. Even after CPI came out, it hasn’t broken out of direction—it’s still grinding around the bottom of the channel.
Grind all you want, but the floor hasn’t broken. These days the lowest has just been hovering around 63500, and it hasn’t genuinely dropped through even once.
If the bottom doesn’t break, the channel is still there, and I’m continuing to look for longs—I won’t change that.
The boarding position is right around here now. Below that, 63000 is the final line. If it breaks there, I’ll admit I was wrong.
Above that is still 65k, and the pressure line is sitting right there.
#BTC $BTC
We said earlier that the range from 63.0k to 63.5k would be the area for chaining/tapping bids, and now it’s right in there.
In the past two days it’s been whipsawing back and forth. Even after CPI came out, it hasn’t broken out of direction—it’s still grinding around the bottom of the channel.
Grind all you want, but the floor hasn’t broken. These days the lowest has just been hovering around 63500, and it hasn’t genuinely dropped through even once.
If the bottom doesn’t break, the channel is still there, and I’m continuing to look for longs—I won’t change that.
The boarding position is right around here now. Below that, 63000 is the final line. If it breaks there, I’ll admit I was wrong.
Above that is still 65k, and the pressure line is sitting right there.
#BTC $BTC