The last resistance in the Binance future contract.
Breaking to the upside will be good news for bulls, here's the weekly chart with more history
Took a short, levels I'm looking for are marked in the chart
Took a hedge short, target is bull plz zone but obviously taking profits along the way.
Some levels at 8ks are possible short opportunities but I'll get to 'em if there's breakout to the upside.
(This chart doesn't include monthly levels, just to keep it clean)
Hold 7100 and I can see bullish continuation to top of the range, the weekly level, closing above it would be massive for bulls.
Currently hedged, longed 69xx and shorted XBT and ETH long ago, doesn't really matter which side it takes, I won't get *REKT*.
Support box is down below, fib is used to spot the middle of the zone.
Weekly squeeze looks bad, lost momentum to the upside and it hasn't fired.
Most alts still look bad against BTC, no sign of a strong reversal (yet).
XBTUSD is squeezing on the daily with momentum up, last time it did it was in March, it ended up launching to the upside .
Currently long on multiple positions, but with good risk management, nothing bad happens if I get stopped out.