BTC dropped from 82K to 58K and has been sitting in a range between 58K and 66K for over a month. My read is that this is accumulation, not distribution. Price keeps holding the lows, volume is drying up on the sell side, and the structure looks like it wants higher before it goes lower.


So I went 3x long from 62.2K. I kept the leverage low cos the thesis might be right but the timing might not be, and I'd rather stay in the trade through a wick than get liquidated trying to be aggressive. If BTC drops to 54K, I'm adding spot. My target is new highs over the next two years.
Same process every trade I take on my HyroTrader account. Read the chart, build the case, size it so I survive being wrong.
Use code JEFFERY for 10% off any challenge:
BTC-2.17%
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