VARAUSD Price action now sits atop the larger order wall from 5900 to 6200 pips plus any subsequent orders that stack up. Volume is healthy but not high. Price action remains in a squeeze.
VARAUSD is in a squeeze right now, there is some tendency for squeezes to go sideways for a while until it collars or tightens so I wouldn't expect to big of a move either way immediately. I did notice that VARAs Socials are through the roof. I see a retest of 620 or even 600 as a possible bearish scenario. Bullish scenario would be conservatively modele TP 980 or so.
VARAUSD Yeah and people called it FUD when anyone said it was time to take BTC profits over 100k. Its a fact that Vara market structure is bearish. If it breaks these bear divs then its got a chance. A lot of alts are looking good, reteaced and held their lows. unfortunately Vara isn't one of them.
You want to trade the 1hr intra day, thats fine. You want to buy and hold for multiple days plus, that makes no sense.