Long hiatus from crypto... I've reentered the asset class and the current risk/reward odds here is a buy.
- breakout $1700-$1750 zone + retest of resistance-turned-support
- weekly hammerhead + confirmation candle
- macro environment suggests sentiment leans towards dovish fed in short term
- 3 quarters of fed tightening undone in just the last week (500bn expansion)
- eyes on regulators and banking contagion
Risk/reward 1:2
Holding period 2-8 weeks
- PT1 : $2000
- PT2: $2650