Posting about @Bitcoin #bitcoin☀️ #BTC☀ and it's related effects.
About the current market structure:
reaching a new price before time or without prior planning, Bitcoin stands exhibiting an efficient market behaviour and can be traded on pure short term technicals until a context develops. ! but beware of losses incurred as sudden supply can emerge almost randomly.
Bitcoin forecast(non-professional ):
Market by simpler market mechanics and events of sudden surge due to Trump incident dictates it should fall within range 62k and 63 k.
For bears, even with expected longs, the scope of rise is much shorter than longs as from the current price 68000 is 1000 points. I suggest a small shorts at 67880 and 68090.
Trade execution opinion:
always measure not just the scope of your preferred direction but as an assumed hedge for both.
In a stagnant market, try marking future date times of volume surge. try unconventional methods and not stick to fib time or time cycles.
Thanks!! Please drop comments of advice or reaction.