$BTC update:
I’m back to a long bias. Managed to add to my longs yesterday at 68.9k.
After the 66k sweep, $BTC bounced and we’re now back in the 70k zone. This is a key area for BTC to decide whether we can break out of the current range and push for higher targets.
In my view, if $BTC holds 70k there’s a strong chance we get a squeeze to 74k (easy target), and depending on the reaction there, potentially even 78k (harder target, but totally doable). Based on how price behaves at those levels, we’ll get a clearer read on the next scenarios for LTF price action continuation.
That said, if we reject 74k I’d expect a clear retest of 68k but we’ll cross that bridge when we get there.
For now, as said, I’m positioned long (I’m still holding some shorts, but I have more long exposure than short) and I think we’ll go for those targets as long as like I said, $BTC holds 70k.
It's not my entry tbh, I was XRP and ETH short at those levels but not HYPE.
Just shorted HYPE now, but still don't see why wouldn't I take the short now.
Look at structure, there's not a single solid reason for a long now (imo), and with BTC liq cluster down below looks like a free short.
"It will be just a 3-5% move down", if it is so be it.
That works for me.
Just sharing my thoughts tho, I can be wrong.
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