I personally do not like how it looks like, besides Powell the chairman of FED said that the recession is basically confirmed and will be having a hard time hoping to soft land this inflation. Hence, overall it doesn't look good, sentiment is extremely bearish and sensitive. Hence, there are currently two set ups that I think are possible, right now the price action is currently a no trade zone where the direction is really confusing. In order for BTC to show its strength, best wait for it to reclaim 20800, before considering longing it. However, there is still a possibility where it will be heading towards the 0.66/0.618. Lastly, trade with great risk management, as the price action recently is extremely predatory. Peace out
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