HVN rebound structure remains intact, low buy-in at 61.6k has been entered, consider shorting at 66k after taking profit at 64.2k, watch out for traps around the FOMC on the 17th.

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AriaNaka
$BTC Current Trade + My Weekly Thesis,

Price is bouncing from the HVN, and the overall structure is still intact and bullish.

Currently we are in a low risk long from 61.6k,

Our second limit got frontrunned (posted on discord earlier).

I won't take anymore longs until 60k, and our first target for the long is 64.2k (monH),

Will be looking for Shorts if we get to 66k, and will DCA at qO (68.2k).

I am still expecting qO to be the Lower high and then dump from there all the way down to Low 50s (On HTF).

We got FOMC coming up on 17th June,

So it's very possible we get a pump into it and then dump afterwards after trapping retail (news event).

In short, you can expect us to top around 17th.

On LTF, Internals are also turning bullish with OI and CVDs going up.

If the current structure holds, I am expecting a pump to 63-64k today (NYO).

Overall price and structure are still in the favor of bulls, until proven otherwise.

HIGHER BEFORE LOWER.
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