$BTC Update personal view 7/6

BTC, after falling to 53500, has had a rebound to the 57000 area to give the team a bit of breathing room. Yesterday's 2 limits of 54500-55600 were all profitable, everyone close in gradually. BTC's range is wide these days so everyone should balance vol and use smaller sevens. The 57k-58k zone is quite important. If it closes above, BTC will create a bottom at 54k, but if not, it will continue to create a new bottom.

Liquidity is poor at the weekend, not encouraging people to trade, rest well.

My current view is that if BTC cannot break the 57-58 zone, it will return to the 51-52 zone to create a new bottom and bounce up, but if BTC can withdraw past 58k tomorrow night, I will switch to long.