$BTC chose to sweep the range highs first.
As mentioned this morning, we were waiting for Bitcoin to pick a direction after liquidity built up around the range.
It went with the second scenario, taking the highs before moving toward the $82.5K lows.
That triggered the short toward $82.5K. If you’re in the trade, GG , you should already be risk-free with some profits secured.
Since the $82.5K lows remain untouched, I’d still like to see a sweep into the $82.2K area for potential longs.
Bitcoin often frontruns POIs when momentum is bullish, so I’ll be watching closely.
A test of $82.2K could offer a long setup. If we continue higher from here, I’ll look for a continuation entry.
#USADPAdds90000JobsInSeptember #SECToClarifyOnChainFundraisingRules
As mentioned this morning, we were waiting for Bitcoin to pick a direction after liquidity built up around the range.
It went with the second scenario, taking the highs before moving toward the $82.5K lows.
That triggered the short toward $82.5K. If you’re in the trade, GG , you should already be risk-free with some profits secured.
Since the $82.5K lows remain untouched, I’d still like to see a sweep into the $82.2K area for potential longs.
Bitcoin often frontruns POIs when momentum is bullish, so I’ll be watching closely.
A test of $82.2K could offer a long setup. If we continue higher from here, I’ll look for a continuation entry.
#USADPAdds90000JobsInSeptember #SECToClarifyOnChainFundraisingRules
