Long Scalp BTC May 04 2022

We can see based on the yearly volatility, that the current expected movement is around 3.05% +-
Our top is going to be 40k
Our bot is going to be 37.5k

From the technical analysis point,
Volume was broken on the top side above 38000, so thats a strong momentum indication for long opportunity.
At the same time we can see that on 15 min we got a long entry at 38200.

I believe we can go towards 39k minimum

From fundamental point of view
We have the PMI release and later on today we have FOMC -> interest rate decision.
This last movement is the one that bring the highest amount of volatility possible.
So I strongly recommend you to be out of the position before that happens, and once the market stabilize and takes a direction, re enter again.