🚫 Long scenario is canceled!
Price started to break down, taking out the early June lows.
There's now a high probability of a deeper correction toward the 90,000–95,000 range.
I won’t short from current levels. The uptrend remains intact on the weekly chart. There are safer and more asymmetric opportunities in the market from a risk-reward perspective. For example, shorting the S&P 500 or going long on precious metals looks more attractive right now.
💡 General recommendation:
Stay away from high-volatility assets like Bitcoin, oil, and natural gas for now.
Wait for setups with tight stop-loss levels and clear structure before entering.
Price started to break down, taking out the early June lows.
There's now a high probability of a deeper correction toward the 90,000–95,000 range.
I won’t short from current levels. The uptrend remains intact on the weekly chart. There are safer and more asymmetric opportunities in the market from a risk-reward perspective. For example, shorting the S&P 500 or going long on precious metals looks more attractive right now.
💡 General recommendation:
Stay away from high-volatility assets like Bitcoin, oil, and natural gas for now.
Wait for setups with tight stop-loss levels and clear structure before entering.
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