CRYPTO MECHANIC
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We discussed on monday that the Daily/Weekly charts are fine and bulls will remain in control as long as $BTC $88k-90k zone. Actually i have been giving you every single update that was needed on BTC.
Besides the structure being still bullish I don’t think this is the right place to chase Bitcoin if you missed this whole move.
The price is now sitting at key supply zone. Better entries can be on pullback or we can always plan it even at higher prices with a less risky setup.
In my opinion market will likely punish the late longs soon.
Besides the structure being still bullish I don’t think this is the right place to chase Bitcoin if you missed this whole move.
The price is now sitting at key supply zone. Better entries can be on pullback or we can always plan it even at higher prices with a less risky setup.
In my opinion market will likely punish the late longs soon.
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