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$BTC is dumping again from the 64K sell zone (apologies for the telephone chart).
Like mentioned yesterday, I removed my long limits in this area because a revisit is a bearish sign.
We couldn’t get passed the previous daily high and rejected the 64k zone again.
If you’re still in the short from there I’d take 25% off here and go BE.
FOMC minutes today, so I’m not behind the charts a lot.
The long-scenario at the 60.3K area is still valid, approaching it as a bounce in the downtrend though.
If we don’t hold that, the 58.8K is my next POI for longs. Nice confluence with monthly open too.
My thesis is still that we need lower lows sub 57.8K, so all long POI’s are valid TP’s for shorts.
With the fundamentals from today I’m not eager to scale trades, but I’ll keep monitoring either way.