As shown in the chart, BTC simply oscillating inside a consolidation following bearish momentum with recent lower highs. Looking for retest of 28k support and maybe break lower. Either way, swing trade long is out of play until BTC breaks out of most recent bearish structure. How will we know when to look for new longs? We will see a decisive break of most recent lower high (currently 41.3k), followed by a swing trade long price action setup (ie inside bar). Until then, it’s all noise. Patience is the key for swing trade strategy here.
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