$BTC - Short Trade Idea
2025-01-07
Category: None

Bitcoin has broken past the psychological barrier at $100k, absorbing the internal liquidity.

There's a chance it will shoot up to between $103.7k and $104k as the daily closes.

We've marked out our 4-hour range; the price is now trading above the midpoint. If we manage to hold this level, we could potentially retest the range high around $106k.

If we get a strong rejection at that point, we might consider scaling into short positions.