Optimistic bull case
Extremely neutral on price discovery atm, just posting a possible scenario to see how it plays out.
Ultimately depends on indices. The two most correlated: S&P is currently testing its downward trendline, while NAS100 has a fair way to go. BTC invalidated a shorter-term trendline, entering a sizeable FVG on the 1D chart, which gives me a bullish bias on TA alone. The next targets I see are 20,4k and 21,4k.
Ultimately depends on indices. The two most correlated: S&P is currently testing its downward trendline, while NAS100 has a fair way to go. BTC invalidated a shorter-term trendline, entering a sizeable FVG on the 1D chart, which gives me a bullish bias on TA alone. The next targets I see are 20,4k and 21,4k.
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