source avatarsixtysecondalpha

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The diagonal break has occurred. But that’s really only half the battle. Until we close firmly above 76k, I’m sitting out. I don’t trade market structure shifts on lower time frames until they are confirmed. That being said, the rejection today was expected. The reaction from the rejection is telling me, this might actually be strength. I’m leaning bullish - especially if the stock market can continue with its strength. I think the time will come - soon. Assuming the stock market can make new durable ATHs this year, bitcoin and crypto should definitely out perform. Just waiting right now. Ready to buy more at lower prices - and ready to buy more if momentum and structure shift on the weekly for the bulls. Knowing when to pull the trigger and when not to are essential.

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