**BTC - M15 (WEEKEND UPDATE)**

Nothing too out of the ordinary for a weekend here. One thing worth mentioning is the drop into the 59,900 area which can be taken as a sign of strength or in ways seen as a higher low being put in. Given that it is the weekend, the volume associated with the moves are rather untrustworthy and inconsistent. This makes our job difficult to determine a bottom or range low being held. Currently, intra-day levels suggest immediate resistance towards 61,000 but has been fought for well the entire day. With the Pivot slightly below towards 60,700 we find ourselves chopping in between these two price points. Usually, they are meant to support one another, not act as resistance and support between the two.

Some things to consider on this daily close is how price currently trades back into the range lows above 60,000 and up until 64,000. This is a level that would need to be held for us, and the longer we stay here, the more troublesome it becomes for my strategy. We need a decisive push at these lows, and it currently feels like a ghost town when we consider the orders on the books. This is problematic, but it falls in line with the range low looking like shit, which is what entices almost everyone to pile in on the short side. We're looking for this sign and for price not to move. Another failure to take out range lows and I'll just assume it'll continue being held.

Slow weekend. As usual, nothing really for us to take advantage of. Flat/hedged is better than trying to be risk on if price is just going to shuffle between 1-3% gains and 1-3% drops. Saving capital for a more rewarding trend, or even better buy spots, is considered much better to me. We'll be looking at some metrics to help us determine capital flow and futures data. In this case, we have the following:

- Dominance rise back into 54.5% continues to react negatively to alts. Seems like every attempt to rotate is immediately squashed by more interest into BTC due to lower and lower prices.

- Funding 0.008 and predicted into 0.01 which assumes it is getting more expensive