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$BTC
We are currently testing the key POI that must hold.
This is the do or die level.
Lose this, and 62K becomes the minimum target. Lose 62K, and sub-60K is back on the table.
$BTC. Took somewhere.
Also posted on telegram that I took a hedge short at 63s and added in at 65 to have my average on short at 64.3K.
Long profits so far covering short loss.
Took profits on the long as weβre approaching exhaustion.
$BTC
I don't think we're going to nuke before FOMC. More likely we just range from here.
We've hit our first major barrier, so now it's time to sit back and observe how price reacts.
If we are going to have a correction, this would be the area worth watching otherwise 70K+.
$BTC
Weβre currently at the pinnacle of the mid range.
If BTC fails to hold above 76K, thereβs a strong likelihood we drop below 74K and continue lower.
For now, 76K is the key level, holding it is essential to justify scalp longs targeting 78K. Itβs very much a do or die zone at the moment.