Update on $BTC … here's what I'm seeing 👇
It looks like we might first break the previous monthly high (liquidity sweep) to scoop up some Short orders, then bounce back into the range.
So, I'm gonna be cautious about chasing Long trades in this move ⚠️
Honestly, I expect a quick correction after the breakout, especially on the higher timeframes for the rest of May.
This type of scenario is pretty common with the start of a new month… a “classic” move 📊
That’s why I’ve already reduced my risk on the Short position at breakeven.
I also added a small Short near 79.5K to improve my entry average from around 76K.
❌ Invalidation point:
Weekly close above 83K
Right now… just watching how the price reacts 👀
#BTC
It looks like we might first break the previous monthly high (liquidity sweep) to scoop up some Short orders, then bounce back into the range.
So, I'm gonna be cautious about chasing Long trades in this move ⚠️
Honestly, I expect a quick correction after the breakout, especially on the higher timeframes for the rest of May.
This type of scenario is pretty common with the start of a new month… a “classic” move 📊
That’s why I’ve already reduced my risk on the Short position at breakeven.
I also added a small Short near 79.5K to improve my entry average from around 76K.
❌ Invalidation point:
Weekly close above 83K
Right now… just watching how the price reacts 👀
#BTC