🚫 Long scenario is canceled!
Price started to break down, taking out the early June lows.
There's now a high probability of a deeper correction toward the 90,000–95,000 range.
I won’t short from current levels. The uptrend remains intact on the weekly chart. There are safer and more asymmetric opportunities in the market from a risk-reward perspective. For example, shorting the S&P 500 or going long on precious metals looks more attractive right now.
💡 General recommendation:
Stay away from high-volatility assets like Bitcoin, oil, and natural gas for now.
Wait for setups with tight stop-loss levels and clear structure before entering.
Price started to break down, taking out the early June lows.
There's now a high probability of a deeper correction toward the 90,000–95,000 range.
I won’t short from current levels. The uptrend remains intact on the weekly chart. There are safer and more asymmetric opportunities in the market from a risk-reward perspective. For example, shorting the S&P 500 or going long on precious metals looks more attractive right now.
💡 General recommendation:
Stay away from high-volatility assets like Bitcoin, oil, and natural gas for now.
Wait for setups with tight stop-loss levels and clear structure before entering.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.