🔴 #Bitcoin Weekend CME Price Action: I will say that with BTC sitting around this big $28K level

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2 years ago
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🔴 #Bitcoin Weekend CME Price Action:

I will say that with BTC sitting around this big $28K level which has the Daily/Weekly 200MA sitting there, I am personally not very keen on shorting any deviations above.

In the past, we've often seen a weekend breakout at these kinda spots which tend to not retrace as easily as they otherwise would.

Trading around the CME price is best practiced during a ranging & choppy environment. We are still in such environment but that would likely change upon a strong break above this region.

Hence me not being too eager to short immediately in case we'd see a weekend pump.

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