After the massive sell-off after the FTX fiasco last week, BTC has been trading within a well-defined range.
Nothing worth noting will happen while BTC will be trading within this range. So, for any longer-term entries I'm waiting for BTC to exit the current trading range.
Realistically, the highest probability trade will be a bearish one. So, shorting from the top resistance would be a good idea if you have a bearish bias. In these kind of market conditions patience is often rewarded, so trade accordingly.
Nothing worth noting will happen while BTC will be trading within this range. So, for any longer-term entries I'm waiting for BTC to exit the current trading range.
Realistically, the highest probability trade will be a bearish one. So, shorting from the top resistance would be a good idea if you have a bearish bias. In these kind of market conditions patience is often rewarded, so trade accordingly.
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