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The nasty path for Bitcoin short-term
GM,
Past 5 weeks we saw $BTC ranging between lower 80s and lower 90s.
Since last week we see a bit more strength on the SPOT side, thus a continuation towards 92k area.
The nastiest thing Bitcoin could do now, is to go and pick up some liquidity above 98/100k area, trap late buyers and head back lower.
Nothing changed for me personally on this move as the first major area which I signaled weeks ago (92/96k) is still acting as SUPPLY.
Flip 96k and continue above 100k and we might have a continuation rally, otherwise I will continue to short AFTER rejections.
Open to debates in the comments 🫡