11/12 BTC major update: Here's why I'm not shorting:
1. The latest drop was too steep, with no meaningful rebound.
2. The Nasdaq rose strongly, with increased volume.
3. $BTC broke through the 742 resistance in the short term, pulled back, and then rose again, increasing the likelihood of a genuine breakout.
4. The 4H FVG gap remains unfilled and is likely to be filled:
So BTC is very likely to make a rebound toward the POC, which would fill the 4H FVG. A stop loss at 730–733 should be fine! DYOR
1. The latest drop was too steep, with no meaningful rebound.
2. The Nasdaq rose strongly, with increased volume.
3. $BTC broke through the 742 resistance in the short term, pulled back, and then rose again, increasing the likelihood of a genuine breakout.
4. The 4H FVG gap remains unfilled and is likely to be filled:
So BTC is very likely to make a rebound toward the POC, which would fill the 4H FVG. A stop loss at 730–733 should be fine! DYOR
