FieryTrading

🔥 Bitcoin: Waiting For Clarity

COINBASE:BTCUSD   Bitcoin
After the massive sell-off after the FTX fiasco last week, BTC has been trading within a well-defined range.

Nothing worth noting will happen while BTC will be trading within this range. So, for any longer-term entries I'm waiting for BTC to exit the current trading range.

Realistically, the highest probability trade will be a bearish one. So, shorting from the top resistance would be a good idea if you have a bearish bias. In these kind of market conditions patience is often rewarded, so trade accordingly.

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