A quick scan of Bitcoin momentum and structure suggests we might top out between $23k and $25k locally.
There is still anxiety and uncertainty in markets. I think we need clearer guidance from the Treasury and Fed to recover $25k.
Until then, a sideways between $20k and $25 remains my thesis, with intraweek wicks beyond that possible.
A weekly close over $25k invalidates the crab.
Note that this week we have a ton of data: PPI, CPI, jobless, and the ongoing banking drama. There will likely be times of high volatility, trade safely.
There is still anxiety and uncertainty in markets. I think we need clearer guidance from the Treasury and Fed to recover $25k.
Until then, a sideways between $20k and $25 remains my thesis, with intraweek wicks beyond that possible.
A weekly close over $25k invalidates the crab.
Note that this week we have a ton of data: PPI, CPI, jobless, and the ongoing banking drama. There will likely be times of high volatility, trade safely.
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