Bitcoin (BTC): A Lot of Uncertainties on The Markets!

Bitcoin has made again liquidity moves, where we just move up $5000 and then down $5000 (basically in the range of $100-106K).

Never the less, this week we expected to be volatile and it is. We still seek a break of 100K zone (a proper one, which could give us good entry as well). But we do not see any signs yet so we still wait.

On the other hand, buyers are trying to break local highs, which would send the price back to ATH, where there is a possibility to take a trade with 1:1 RR (which is not good).

So we would skip that long position if we even reach and break local highs. Let's see how we close this week. A lot of uncertainty on the markets for sure.

Swallow Team