source avatarLennaert Snyder

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$BTC keeps pushing into key resistance this NY-session. Very nice PA on Bitcoin here, OI rises in this pump and spot is also bidding. Overall looking good to go higher, but we're now reaching the key 84K level. Lots of liquidity there, you could look for scalp-shorts, but for me it's a risky play. If I'd take a scalp after a bearish reaction when we test 84K (I probably won't), I'd keep my TP's internal and very conservative. The green boxes are valid long-POI's, but as I stated this morning, I wouldn't be surprised if we just kept pushing. If we can test the 85K region today that'd be great, I'll take profit there and look for bearish triggers for a potential hedge-short. Next TP's at 86K and the 87K+ highs, so I'm keeping runners on the longs. Green boxes remain valid for longs after the trigger.

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