As anticipated, BTC moved upward on the back of favorable macro conditions. We secured a solid entry around the $109,000 level. Notably, BTC opened a CME gap in the $111,010–$111,345 range; while I initially expected a closure, it remains open for now, and I hope it stays that way in the short term.
Looking ahead, I expect BTC to push through the stubborn resistance around $117,000. My plan is to begin de-risking once we reach the $117,000–$118,000 zone.
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$BTC1!
As anticipated, BTC moved upward on the back of favorable macro conditions. We secured a solid entry around the $109,000 level. Notably, BTC opened a CME gap in the $111,010–$111,345 range; while I initially expected a closure, it remains open for now, and I hope it stays that way in the short term.
Looking ahead, I expect BTC to push through the stubborn resistance around $117,000. My plan is to begin de-risking once we reach the $117,000–$118,000 zone.
#NFA