Bitcoin

BTCUSD - Is this the final straw??

177
Good morning everyone

We had a decent volume injection overnight, pushing us down, giving us a near 700$ swing. This is a good sign, depending on what side of the trade you're on.

Since reaching 10k, we printed nothing but LHs, the move last night was no exception, while we have been toying with the idea of this trendline, I'm not sure how much give it has left.

I'm still very much aiming for that 8800 area, the overall market structure (highlighted in while, especially on the 4h) supports this.

On the 1D however, we are slowing moving sideways, which is cooling off a lot of our indicators, most of which are moving right and showing no clear direction.

AIO Down - 8800
AIO Up - 10000 - 10100

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