BTCUSD
BTC is currently trapped between this weeks open and the monthly open with the CME gap at 24k looming below.
If we lose the weekly open I see no reason BTC doesn’t tap 24k before the next leg higher.
The long trigger I would look for below the weekly open, the short trigger above the monthly open.
On the daily there is still room to print a lower low, structure is still bearish and has not given and information stating otherwise. I will play things as I see them, for now I’m on the sidelines waiting for an opportunity that presents the lowest possible risk.
If we lose the weekly open I see no reason BTC doesn’t tap 24k before the next leg higher.
The long trigger I would look for below the weekly open, the short trigger above the monthly open.
On the daily there is still room to print a lower low, structure is still bearish and has not given and information stating otherwise. I will play things as I see them, for now I’m on the sidelines waiting for an opportunity that presents the lowest possible risk.
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