This is where CT gets trapped.
They’ll call it a breakout. They’ll call it strength.
BTC
75,598
-1.03%
Everyone is waiting for the “higher high” but I believe this is going to be a lower high just like $107K and $97K.
These are the two short setups I’m watching:
1- If Bitcoin closes the weekly below $79.3K, I will short the close with invalidation above this week’s wick. Target is $60K.
2- If they squeeze it higher first, I’ll wait for the tap into the resistance + 0.618 fib around $83.4K. Target still $60K.
Either way, I think this is one of the best short opportunities Bitcoin has offered in months and we just need to follow the daily structure