We saw a post-FOMC correction for Bitcoin towards key ~$87,600 support.It's Thursday, and statistics show that taking out the weekly low has a low probability.
Therefore, I'm looking locally for longs since we're at support.
A nice setup would be that we sweep the current low within the support box, and long the market structure break after. My final target will be the ~$91,180 liquidity.
We could even see some manipulation beneath the support box. When a market structure break happens after this, it's actually very bullish and perfect for longs.
For both scenario's I'm targeting to take out the wick at ~$91,180 with 2 TPs in between. Because we all know, wicks are a draw on liquidity.
Could we also hold the current low? Of course, that's always a possibility. That's why I entered a long first touch already with 0.5% risk.
I will risk another 1.5% if we see the reversal today.
Let's see if we get that trigger.
#FedHoldsRates #GoldOnTheRise #USIranStandoff #StrategyBTCPurchase #WhoIsNextFedChair $BTC
