BTC 4H view
BTC H4
Kinda thinking we see something like this
As far as I'm concerned, BTC is trading in a range between about 90k and 105k
We also had a smaller range from mid-December until now, which price has just broken out from
In both ranges, we are trading at or above range high
Equal highs above so imo you gotta wait for those to be taken before shorting. But shit tons of liquidity below. We actually never really took any proper sellside liquidity when we revisited the lows in December, we basically printed some very awkward looking equal lows instead
Not saying we go to 90k this month lol, but it's definitely a target. I think bulls celebrating here are doing so prematurely. And I say that as someone with literally zero short exposure and high 6 figs of long exposure
Also conscious that the month, quarter, and year have just opened with a pretty huge pump. BTC is +11k in a week (+12%). Would be surprised if price continued to chad higher without correction, these kind of moves to open a period often get retraced
tl;dr — treating this like a range and we're currently trading at range high so mild bearish bias or at least starting to risk off, up only to start the year, would be surprised if we run ATHs from here without some kind of correction
Kinda thinking we see something like this
As far as I'm concerned, BTC is trading in a range between about 90k and 105k
We also had a smaller range from mid-December until now, which price has just broken out from
In both ranges, we are trading at or above range high
Equal highs above so imo you gotta wait for those to be taken before shorting. But shit tons of liquidity below. We actually never really took any proper sellside liquidity when we revisited the lows in December, we basically printed some very awkward looking equal lows instead
Not saying we go to 90k this month lol, but it's definitely a target. I think bulls celebrating here are doing so prematurely. And I say that as someone with literally zero short exposure and high 6 figs of long exposure
Also conscious that the month, quarter, and year have just opened with a pretty huge pump. BTC is +11k in a week (+12%). Would be surprised if price continued to chad higher without correction, these kind of moves to open a period often get retraced
tl;dr — treating this like a range and we're currently trading at range high so mild bearish bias or at least starting to risk off, up only to start the year, would be surprised if we run ATHs from here without some kind of correction
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