overall BTC is bearish
38K level should hold as strong resistance unless we have a massive dump.
Placed two seperate trades, less risk on the first as based on hourly zone, top of 4H demand zone. Good R:R and if I used it to average in it botched the R:R on the deeper trade. Better to consider them two seperate trades in this case.
Deeper trade uses really strong 4H demand that led to the big move up recently as the lower demand. Would be very suprised to see this broken without a bounce. Could happen though.
38K level should hold as strong resistance unless we have a massive dump.
Placed two seperate trades, less risk on the first as based on hourly zone, top of 4H demand zone. Good R:R and if I used it to average in it botched the R:R on the deeper trade. Better to consider them two seperate trades in this case.
Deeper trade uses really strong 4H demand that led to the big move up recently as the lower demand. Would be very suprised to see this broken without a bounce. Could happen though.
Detailed explanation here