$BTC respected our POI again.
Yesterday’s short hit its take-profit targets, and later the 81.1K long zone we’d been watching for days was tapped, triggering another strong reaction. Well played if you caught that move.
If you’re still in the long, securing some profits and moving your stop-loss to breakeven could help protect your position. I’d be watching the 85K and 87K areas for potential scale-outs.
Personally, I’ve closed yesterday’s short and won’t be adding any new positions today.
With CPI coming tomorrow, markets can get choppy as liquidity builds and false moves catch traders on the wrong side before a clearer direction emerges.
Bitcoin may not react exactly like traditional markets, but I’d rather stay patient than force a trade in uncertain conditions.
There may still be scalping opportunities, but I’m sitting this one out and waiting for a clearer setup.
#BitcoinOptionsVolatilityHitsFiveYearLow
Yesterday’s short hit its take-profit targets, and later the 81.1K long zone we’d been watching for days was tapped, triggering another strong reaction. Well played if you caught that move.
If you’re still in the long, securing some profits and moving your stop-loss to breakeven could help protect your position. I’d be watching the 85K and 87K areas for potential scale-outs.
Personally, I’ve closed yesterday’s short and won’t be adding any new positions today.
With CPI coming tomorrow, markets can get choppy as liquidity builds and false moves catch traders on the wrong side before a clearer direction emerges.
Bitcoin may not react exactly like traditional markets, but I’d rather stay patient than force a trade in uncertain conditions.
There may still be scalping opportunities, but I’m sitting this one out and waiting for a clearer setup.
#BitcoinOptionsVolatilityHitsFiveYearLow