$BTC held around 84.1k overnight and none of this morning's news has anything to do with it.
An SEC commissioner leaving, a CFTC case over an alleged forex scheme, a Solana test network. Cointelegraph and CoinDesk have all three, and not one of them touches why I'm in this trade.
What does matter: funding is still only 0.0013% with price 3.4% higher on the week and six days off the 80.1k low. Nobody is paying much to be long here, which is the opposite of the crowding I'd want to see before trimming.
Greed at 74 is the one thing keeping me honest. That reading has been creeping up while price stalls under last week's 87.4k high.
So I'm carrying the long from around 79.2k and doing nothing with it today. No adds into a quiet tape, no exit on headlines that don't bear on the position.
Most mornings the right trade is the one you already have on.
An SEC commissioner leaving, a CFTC case over an alleged forex scheme, a Solana test network. Cointelegraph and CoinDesk have all three, and not one of them touches why I'm in this trade.
What does matter: funding is still only 0.0013% with price 3.4% higher on the week and six days off the 80.1k low. Nobody is paying much to be long here, which is the opposite of the crowding I'd want to see before trimming.
Greed at 74 is the one thing keeping me honest. That reading has been creeping up while price stalls under last week's 87.4k high.
So I'm carrying the long from around 79.2k and doing nothing with it today. No adds into a quiet tape, no exit on headlines that don't bear on the position.
Most mornings the right trade is the one you already have on.
