Good morning all, watchlist has been updated.

What am I expecting?

In short, assessing all the opportunities there are some decent one's but the standout opportunity to me right now is a Short on BTC. Go to BTC above to see details on this. For me, a Short on BTC is the play over the next week or so. Thinking we can earn well out of this so this is where my current focus is.

Bitcoin

I'm really torn here. My feeling is that we'll reject here/or the red box area. My big question is do we move higher in the very short-term and fill the some of the red box? I have filled Shorts in the mid to late $28k's. If we go back to that area (currently at $28,020) then I may add some more size as I think a move north of $30k is unlikely now. For now continuing to be patient and looking for the Short to pay us nicely.

Ethereum

Contrasting signals here. The bull case is that we're above the horizontal support of $1,745 and the RSI isn't in over-bought territory nor is it close to it, in quite a middle area now. The bear case is that we've gone up considerably without much pullback. We're now also seeing that price is underneath the local uptrend line. In my opinion there's a lot of contrast here. I think the market is due for a pullback, but ETH looks like it could be resilient enough to not pullback considerably. Better opportunities elsewhere, particularly BTC.

Solana

Right now I am not playing this, but I do think this setup is really interesting. I'll be waiting on a break above the red downtrend line and a reclaim above the local uptrend line for a buy and for a shove higher. But, if price cannot hold above $20.41, I will Short the retest of the underside of the horizontal resistance of $20.41. Let this one play out, let it show you where it wants to go and then take the meat of the move, no need to play now and get massively caught up on either side of the trade.

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