BTC - Ranges overview

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Let's have a look at BTC and how it is currently trading.

As noted in our previous BTC trade idea IF we held 100K we should expect higher prices and price discovery - with new all time highs.

We got it around 111K so let's see how we play from here.

You will not that we played perfectly off the opening week FVG gap (blue box) before pushing up towards new all time highs.

IF we hold the current sellside expect us to continue higher towards new all time highs.
IF we fail to hold the current sellside liquidity and get a clean break below last week's opening week FVG gap expect us to trade back towards 98K.

As always WAIT for the MARKET TO SHOW YOU ITS HAND AND TRADE WITH IT.

Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.

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