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$BTC - position update
SL is now set slightly above breakeven
I see a couple possible scenarios:
We’ve had a very strong #move - even stronger than I expected. Now we’re seeing a pullback, and this is exactly where many people start aggressively shorting with stops above the local highs. I think there’s a good chance those highs get taken soon and we see new local highs +/- $74-75k
The alternative scenario is a squeeze down to $67k, which would hit our short. But around those levels I would be looking to build longs
So for now I’m staying in the position and just watching the market 🧙♂️
#crypto