This is my own opinion, not financial advice. Do your own research.
$BTC Right now, the price is in a no-trade zone. My plan is to wait for the price to break out in either direction. After analyzing the liquidity on the charts, I planned my trades. If the price follows my plan, I will trade; otherwise, I wont.
1. To take a long position, price has to break above 57K, rise to 60k, and then return to retest the 56-57K zone. If this retest is successful, I will go long. 2. To take a short position, I would wait for the price to break below 56K, drop to 54,300, and then return to retest the 56K area. If this retest is successful, I will go short.
Also I am worried about DXY on support. This inverse relationship suggests that it can cause a drop in Bitcoin price.
