#GM#Crypto
Today we have the PCE numbers & expectations are they will come in hot. #Bitcoin has support from large Futures bids, holding the price above 23.5k, BUT also significant Spot Supply overhead. If its to break, then a catalyst like a hot PCE is key.
Happy Friday 🍻
#GM#Crypto happy Friday!
This #Bitcoin Range has dragged on, with volatility resetting, ready for a break today or over the weekend. I am watching 3 levels for an attempted breaking out, with option #2 being my preferred, BUT will be laddering out to ensure a profitable trade.
If you are questioning how or why anybody would even consider the possibility of a green Monthly close today for #Bitcoin, congrats on not being a blind sheep follower. You should question every trade setup before you push any buttons. Let's analyze 🧵...