$BTC
U.S. stocks went crazy last night
Nasdaq +2.74%, its biggest one-day gain since April
S&P 500 also up +2.34%
So what about BTC?
Still dawdling around 75000
Current price 74877, hasn't budged in half a day
Risk appetite has returned to U.S. stocks
But the crypto market is still waiting for tonight's 21:30 CPI
No one's daring to make the first move
That's what you call a divergence between stocks and crypto
That 30x short position, entry price 75303
It's still in profit, the bears haven't bailed
Which means someone's keeping a lid on prices
I've got just one view right now
If 75000 can't hold, then 75456 and 77533 are both ceilings
First, look for 73200 below, the 200-day moving average
If 73200 breaks, next up is 71900
If 71900 breaks too, then Hilbert's 65000 isn't just scare talk
As for trading, I'm sitting tight
If you want to go long, wait for a pullback near 73200 and see
Set your stop-loss below 71900
First target 75456; if it holds, then look at 77533
Chasing a rally before 75000 holds is just giving money to the bears
Keep your position size under 30%; CPI data comes out tonight, so volatility is bound to be high
Same goes for ETH, hanging around 2135
If it can't get past 2200, don't get your hopes up
If you're holding anything, check all your stop-losses before tonight's data
Don't wait for the data to come out and then scramble
#U.S.StocksSoarButBitcoinCan'tKeepUp
U.S. stocks went crazy last night
Nasdaq +2.74%, its biggest one-day gain since April
S&P 500 also up +2.34%
So what about BTC?
Still dawdling around 75000
Current price 74877, hasn't budged in half a day
Risk appetite has returned to U.S. stocks
But the crypto market is still waiting for tonight's 21:30 CPI
No one's daring to make the first move
That's what you call a divergence between stocks and crypto
That 30x short position, entry price 75303
It's still in profit, the bears haven't bailed
Which means someone's keeping a lid on prices
I've got just one view right now
If 75000 can't hold, then 75456 and 77533 are both ceilings
First, look for 73200 below, the 200-day moving average
If 73200 breaks, next up is 71900
If 71900 breaks too, then Hilbert's 65000 isn't just scare talk
As for trading, I'm sitting tight
If you want to go long, wait for a pullback near 73200 and see
Set your stop-loss below 71900
First target 75456; if it holds, then look at 77533
Chasing a rally before 75000 holds is just giving money to the bears
Keep your position size under 30%; CPI data comes out tonight, so volatility is bound to be high
Same goes for ETH, hanging around 2135
If it can't get past 2200, don't get your hopes up
If you're holding anything, check all your stop-losses before tonight's data
Don't wait for the data to come out and then scramble
#U.S.StocksSoarButBitcoinCan'tKeepUp
