Bitcoin Price Update
Price Action:
- Trying to reclaim systematic trends on daily chart.
- I think we are just witnessing a strong resemblance with January
Sell the news event, (Halving/ETF), then grind against trend as rejections get smaller everytime. Think we range and remove a lot of Participants for the next 1 months and go up.
Orderflow:
1. Our level from yesterday gave us a good bounce as we had expected, still in Value Area of Range.
2. A lot of 'Ask' liquidity can be seen above, so if you're in leverage trade from below, you can take partial profits here on longs if you followed my plan.
3. I think an initial rejection from $63,000-$63,200 region is likely as a lot of longs on perps have been added today and are unable to push through resistance.
