BTC to $90K-$92K Range?
2025-02-17
Category: None

I have to concur with those calling for BTC, fundamentals notwithstanding, to retest the order block formed by the wick down on 1/13.


 
 The 100d SMA, price action has closed beneath that.
 Anchor a VWAP to the 12/17 HH, price action has closed beneath that. (The order block in question is 2 standard deviations south.)
 Anchor a volume profile to the 12/17 HH, price action has closed beneath the POC, though it has broken back above repeatedly. 
 Momentum has stalled, though BTC remains oversold--and both volume and money flow are weak. 
 

 Is this worth a short???  We  are  talking about a 5% drop?

I myself am inclined to eschew shorts in an oversold environment. And BTC has been fickle as #eff so far in 2025.

The best play for those who want to trade the move is to wait for confirmation of a bottom in the lower 90's and long what might well result in a short squeeze. 

Thought?  
