$BTC
Well, it's Friday night and we've had some pretty slow price action as we approach key levels.
In essence, I'm watching this channel mainly and how price reacts. For a true breakout, we need a sustained move higher that flips channel resistance to support. Anything less and we risk rejecting channel resistance as well as taking out range high, before potentially falling out the channel into a pull back. I do think we pull back as mentioned, but happy to adapt if we do get a true break. I'd say keep an eye on how we handle any 4hr imbalances created too.
There's not much more to it really. Mapped out three scenarios in a prior tweet. My $$ is on B currently.
Enjoy the weekend
đ»
