At $BTC , the key level is 64190. If we break upwards, we’ll continue in this consolidation structure; if we dip down, we’re looking at a bearish trend continuing.
The US-Iran talks are probably still not fully priced in, and we need to be cautious about the ‘big bomb’ of tapering expectations lurking in the shadows.
Monday is usually the most chaotic trading point, and with the weekend news being so convoluted, I mentioned yesterday that we should wait for the structure to form. This morning's whipsaw likely forced a lot of positions into losses…
Tonight, we should see the first wave of capital making its move. Let’s wait for volatility to stabilize and the corrections to finish before reassessing the situation. Don’t jump in blindly.
{future}(BTCUSDT)