Makes sense to play it given the down trend and selling we saw. But don’t forget it is still a larger down trend until priven otherwise.
If we get a break of structure $108k could be on the cards.
However i personally think we see $100-$104k before returning to lows.
Have to be patient. Be awesome to see a true v shape recovery but I am not convinced we get it. Time will tell but be cautious and enjoy the mean reversion pump 👌
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$BTC short squeeze/ mean reversion pump
Makes sense to play it given the down trend and selling we saw. But don’t forget it is still a larger down trend until priven otherwise.
If we get a break of structure $108k could be on the cards.
However i personally think we see $100-$104k before returning to lows.
Have to be patient. Be awesome to see a true v shape recovery but I am not convinced we get it. Time will tell but be cautious and enjoy the mean reversion pump 👌