As long as Bitcoin is not dumping — it is bullish. Haha, I know it sounds ridiculous, but it is how it is.
Bulls are defending the support, while bears are defending the resistance. The overall trend is bullish + every new pump is supported by massive spot inflows, while dumps are mostly leveraged driven.
I like the liquidations cluster which is located in the $89,000 — a thick layer of liquidity. The closest layer of such liquidity is in the $75,000 - $76,000 area (which we will definitely visit).
👉 But in my opinion, we are going to $89,000 - $90,000 first.
The bullish scenario invalidation point — breakdown of the $83,400 support and consolidation below (not just a fake impulse). #Bitcoin
For now the price is consolidating above the 0.5 Fibo lvl of $2684. Classic weekend chop.
The overall priority remain bullish, but I am not so sure we are going to pump straight from this support. Have to grab some liquidity from late LONG positions with high leverage first.
The support of $2620 looks good for buying, but the best spot remain at $2500. We will get that level in case of #Bitcoin dump to $80,000.
The next week will be important, I think we will get a number of good opportunities (discounts). #Ethereum
Bought #Bitcoin on spot near the $84,000 support, sticking to the plan.
No leveraged LONG for now.
The zone of my main interest remains in the $79,000 - $80,000 area. There I will buy more spot & potentially open LONG if there will be a positive reaction.