I think the $6.2-$6.4k area is the top for this cycle now. I am looking to sell the area and will scale-in the area in two parts.
This supply zone has great confluence with the High Volume Node ( HVN ) and is technically the area where BTC broke down to the lows of $3k.
The target for this trade will be $5.1k and $4.1k. Might seem far off... But will see how price reacts to the level at $5.1k first.
IF we bust through this zone like hot knife on butter, then I am wrong and will get stopped. Simple as that.
This supply zone has great confluence with the High Volume Node ( HVN ) and is technically the area where BTC broke down to the lows of $3k.
The target for this trade will be $5.1k and $4.1k. Might seem far off... But will see how price reacts to the level at $5.1k first.
IF we bust through this zone like hot knife on butter, then I am wrong and will get stopped. Simple as that.