With the start of the new week, the market has seen a FULL-SCALE shift in sentiment toward bearishness.
😊 There’s negativity everywhere: weak U.S. economic data, rising fears of a potential conflict with Iran, and further escalation around the Greenland situation.
All of this leads me to believe we could soon see a short squeeze / relief bounce, giving us some short-term upside. 😊 I’m expecting a retest of the broken wedge around the $92–93k area, which could serve as a solid zone to start looking for short entries.