Bitcoin (BTC) • Consolidation under macro resistance
Updated
Hi Gens 👑. Hope everyone doing extremely well!
Been pretty crazy year so far. Bitcoin currently sitting under the 2021 yearly open (28.9k) consolidating.
There is a important FED meeting today (22feb) and speculation is high considering the ongoing collapse of the banking system plus allegations of Trump being arrested. 🍿
As usual in the video I go trough the typical technical levels I am paying attention to, plus other datapoints such as order-books and futures data of a well rounded 360 view of the market.
Overall still my directional bias is mostly bullish with some very good signs from futures. Pending FED we could see some correction into the 25k range which would constitute great entry long region and manage risk around. But be mindful that correction opportunity may not occur either as futures looking great.
Do not is good idea to take short but I actually cover some possible intraday scalp opportunity entry if it occurs but understanding that dominant bias is UP. as such risk should be adapted for such conditions.
Anyway catch you next week again for another very low IQ update. Don't forget to HIT THAT 🚀🚀🚀 🫡
Not financial advice bla bla it is all entertainment and I have no idea. DYOR.
Been pretty crazy year so far. Bitcoin currently sitting under the 2021 yearly open (28.9k) consolidating.
There is a important FED meeting today (22feb) and speculation is high considering the ongoing collapse of the banking system plus allegations of Trump being arrested. 🍿
As usual in the video I go trough the typical technical levels I am paying attention to, plus other datapoints such as order-books and futures data of a well rounded 360 view of the market.
Overall still my directional bias is mostly bullish with some very good signs from futures. Pending FED we could see some correction into the 25k range which would constitute great entry long region and manage risk around. But be mindful that correction opportunity may not occur either as futures looking great.
Do not is good idea to take short but I actually cover some possible intraday scalp opportunity entry if it occurs but understanding that dominant bias is UP. as such risk should be adapted for such conditions.
Anyway catch you next week again for another very low IQ update. Don't forget to HIT THAT 🚀🚀🚀 🫡
Not financial advice bla bla it is all entertainment and I have no idea. DYOR.
Note
Swaps looking healthy.
D7R
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