It is perhaps the biggest mistake to believe that everybody is bearish upon $BTC at this point in time.

This is surely a case of indecisiveness on the part of the king. We are at 66,386 and frankly speaking it is a chop fest. We went down to 65,631 that got sold quite swiftly, but the trend is not screaming yet.

On examining the 1h chart we see that we have an apparent ceiling of 67,300. Whenever we stick our heads above 66, 700, they move in and start playing the sale game. We are like in a boxing match with two exhausted boxers.

The order book is fascinating enough though. The fact that the buy side interest is at current levels, 98% is crazy, but it will not give you the illusion that price action is the one that pays. It would take 67k of solid support before I would even consider making a long term entry. Lossing 65.5k, we would soon be stepping in the 64k neighbourhood sooner than you think.

Volume is good but we want a real spike to get out of this range. In the meantime I am merely observing the indications and remaining molten.

#BTC #WhenWillCLARITYActPass #StrategyBTCPurchase #PredictionMarketsCFTCBacking #HarvardAddsETHExposure