🚨 $BTC UPDATE
PPI + Jobless Claims are dropping in about 30 minutes, so expect some volatility and potentially a big shakeout. 🕷️
$BTC is currently around $63.4K, and the overall structure still looks bearish. Both the 4H and 1H charts remain weak, with a bearish BOS already confirmed.
But I’m not blindly shorting here.
Why? 👇
$BTC is getting very close to the $63K demand/support zone, while lower timeframes are already looking oversold.
I’m watching price action closely and waiting for confirmation before making any move. 👀
DYOR — trade safe, especially around major economic data.
#BTC
PPI + Jobless Claims are dropping in about 30 minutes, so expect some volatility and potentially a big shakeout. 🕷️
$BTC is currently around $63.4K, and the overall structure still looks bearish. Both the 4H and 1H charts remain weak, with a bearish BOS already confirmed.
But I’m not blindly shorting here.
Why? 👇
$BTC is getting very close to the $63K demand/support zone, while lower timeframes are already looking oversold.
I’m watching price action closely and waiting for confirmation before making any move. 👀
DYOR — trade safe, especially around major economic data.
#BTC