So BTC tried to push up out of descending wedge pattern, just to hit resistance at around 34.4k which pushed it back into the wedge.
In my view, the area we need to watch closely is 31.4-31.5k to hold as support, if that breaks we are testing 30k again and quite possibly the bottom of the wedge at around 28k.
As of now, probably best to wait and see what BTC wants to do, you can try a dead cat bounce scalp from 31.5k area with tight stop just under 31k.
Very choppy enviroment for BTC
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*not investment advice*
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We possibly test the upper trendline of the wedge as res, could be good short entry for a scalp to 31.5k as TP, so roughly a 1.5k move.
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Have no idea what this is, it+s either an epiiiic short squeeze or a sh*t ton of money made on DOGE was just funneled into BTC
@WorldclassFX deffo. Smartest move now probably just sit on the sidelines and wait it out, a confirmation of 35k as support or break below 30k for shorts. I'm still very much biased that we need to test 25-26k, so kind of difficult getting into long positions except scalps.