$BTC
If the ceasefire holds and geopolitical risk continues to ease, then there’s a decent probability that price could rotate higher and revisit the poor highs in the 110s.
We're currently trading around the 12/25 daily ema bands which is key resistance, consolidation at these levels would be encouraging, as would a shallow pullback into 101, 102s that holds as a higher low within this range would be very constructive.
Structurally, the market is clearly trading a range with responsive activity at both extremes, failed directional conviction, and rotation between value.
Until we see evidence of sustained imbalance, we should assume the range remains intact, from one side to the other.
Probs my last set of trades and its time out in July unless a fab buying opportunity surfaces.
Cheers
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