$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.
BTC1.74%
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SlippagePoet
· 2h ago
HVN's rebound is indeed steady; those who bought in at 61.6k are feeling good.
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WatchingWhalesUnderTheNeon
· 2h ago
Before the structure breaks, you should follow the trend; once it breaks, it's not too late to short.
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MoonlightMineralWater
· 2h ago
HIGHER BEFORE LOWER喊得响,但止损得带好
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GateUser-f85bc167
· 2h ago
If NYO hits 63-64k, I will take half profit immediately.
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MempoolDrifter
· 2h ago
Lower 50s are a bit tough, is this a major weekly correction?
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