BTC - Prepare for tomorrow
Tomorrow will theoretically be a very volatile day for BTC. Dude to a lot of the recent crypto news and bank collapses, Monday will be an important day followed by CPI on Tuesday. I think if we continue to go up today you look for shorts between 21.5-21.8k and then again at the bottom of our parallel channel around 22.4-22.6k. The only longs I would be looking for right now would be in our key liquidity zone of $17.6-18.5k.
In conclusion, there is a lot of uncertainty about what will go down tomorrow. Looking for shorts during these rips seems to be the best play right now upon confirmation. This would be noted as rejection at key price points. No matter what happens a lot of key structure should be developed over this week. Trade safe and trade smart.
In conclusion, there is a lot of uncertainty about what will go down tomorrow. Looking for shorts during these rips seems to be the best play right now upon confirmation. This would be noted as rejection at key price points. No matter what happens a lot of key structure should be developed over this week. Trade safe and trade smart.
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