The channel broke, as expected — there is a 10% movement. Now we need to see if we can consolidate (of course, it depends on $BTC , but for now, it all looks like a setup for a new ATH) and in this case, I think we can stretch to $1.3. The stop can be moved to breakeven – but then it might also get knocked out in classic style 🙂

I'm looking at $WIF - a beautiful descending channel has formed on the daily chart, and the price is edging towards its upper boundary. It looks like an opportunity to capture ~20% movement upon a breakout. Although trading when dominance is at 65+% and almost all coins are following Bitcoin's movements, especially when it's at highs – the pleasure is questionable 🙂 but for now, it all feels like $BTC will be pushed a bit higher, so retail can believe in the moon again, and it's not fair to let the shorters earn too.

And then we can continue to scam altcoins 🙂
But this is just a theory. Somewhere on the horizon, we have ETFs looming, which theoretically are a condition for growth. Practically, I only have one question — will they drop before or after?

One way or another, around 108-110, I will pack another short on BTC with a target around 98-96, and then we'll see how it goes.