60k$ to 80k$ is a very risky zone for traders and
$BTC holders.
We’re indeed in the middle of a fairly wide range between 60k and 80k, the worst possible choice for taking position:
Short and be exposed to a pullback to 80k … long and also exposed to pullback to 60k … in both cases, it’is a losing bet
You can’t trade relying solely on luck.
So I’ll avoid fumbling around.
Quick update because I haven’t changed my mind over the weekend: the weekend pumps ? I don’t believe them, the structure remains
#bearish in my opinion.
For now
#BTC and
$ETH are below all trend lines.
They tried to recover yesterday…but couldn’t. The Asian and European markets are in the green. Surprising, because US Futures are slightly in the red.
This is why I’m keeping a close eye on how this market will evolve today.
As a reminder, lask week every day except Friday of the rebound, they opened in the red and accelerated their losses during the session. So we’re waiting.
A good trade is also a trade you don’t take.