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As long as the data on July 14 is not good, the Fed's knife to raise interest rates in September will be hanging overhead. A rebound? That's an opportunity for you to escape, not a clarion call for you to go all in.
So how do you play it?
First, going long on crude oil is more logical than going long on BTC.
U.S. military bombing + lifting of sanctions = supply gap. This is a solid fundamental, not an emotional hype. The bullish logic of crude oil is ten times clearer than BTC.
Second, if you have to trade BTC, don't bet on direction; use "breakout and follow".
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