Hello everyone,
BTC has been forming a symmetrical triangle for a while now, while we are seeing the immensely volatile move as the MM try to discourage any kind of leverage trades by liquidating on both ends trading in this market has become very risky.
We are waiting for CPI figures that are to be released on Friday by the US that can severely affect how the market will move in the coming month.
For now buying BTC in parts under 30K$ seems like the safest strategy to scalp by booking on the top end of the triangle
BTC has been forming a symmetrical triangle for a while now, while we are seeing the immensely volatile move as the MM try to discourage any kind of leverage trades by liquidating on both ends trading in this market has become very risky.
We are waiting for CPI figures that are to be released on Friday by the US that can severely affect how the market will move in the coming month.
For now buying BTC in parts under 30K$ seems like the safest strategy to scalp by booking on the top end of the triangle