$BTC Day 3 with a long

At the opening of the CME, there was a classic trap for longs - a powerful surge upward and an even stronger downward. At one point, I thought there would be a squeeze down to 83, but even at the time of the publication of the FOMS minutes, there was simply a gradual and measured decline just below the upper limit of the order block marked with a green line on the chart.

A pending order to open a long was triggered - 88898 (previous was 88696)

The price went lower, and what happened next?) It stopped with a very unremarkable candle on the minute chart - the elephants finally turned around.

The program of buying for big moneys was started on Saturday-Sunday - massive orders were on both sides at the 96 level - shorts started closing - as you know, shorts are closed by buy orders, which causes another price decline, giving the opportunity to open new longs at a better level.

What to expect

The chart clearly shows an order block just above the marked zone at the 90206 level - we can expect the price to drop to This level is in case not everyone has loaded up on longs yet.

We can talk about a reversal if the price rises above 93.

Let's not forget level 96—it's best to close part of the position here and move the stop loss to breakeven.

be safe