Daily Bias Map:
- Bitcoin is trading within a HTF range between 110,700 and 100,700.
- Mid range sits around 105,700 aligning with a 4H bearish fair value gap.
- Higher timeframes are trending down no justification for looking at longs here. Especially after losing 106,500
- FOMC today at 7PM UK time
- Expecting major volatility looking to short any spike into resistance or inefficiencies.
- A scalp long might be valid around 104,115 (demand zone + 30min SFP), but that’s tactical only.
- No reason to flip bullish geopolitical tension (Israel/Iran) adds further downside risk.
- Main plan: scalp long if triggered early, then look to short FOMC-driven upside move.
- Risk is tight. If setups aren’t clean, I’ll sit out and wait for the FOMC dust to settle.
- Bitcoin is trading within a HTF range between 110,700 and 100,700.
- Mid range sits around 105,700 aligning with a 4H bearish fair value gap.
- Higher timeframes are trending down no justification for looking at longs here. Especially after losing 106,500
- FOMC today at 7PM UK time
- Expecting major volatility looking to short any spike into resistance or inefficiencies.
- A scalp long might be valid around 104,115 (demand zone + 30min SFP), but that’s tactical only.
- No reason to flip bullish geopolitical tension (Israel/Iran) adds further downside risk.
- Main plan: scalp long if triggered early, then look to short FOMC-driven upside move.
- Risk is tight. If setups aren’t clean, I’ll sit out and wait for the FOMC dust to settle.
Note
Ended up just chopping all day, that's fine, secured a sol short as it looks the weakest. additionally got a risk free fet long running. I'm positioned for either direction basically.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.