Thursday, May 16, 2024
BTCUSDT 15m sessions TA

First of all remember the high timeframe bias with 23-24k inevitable for revisit at some point. That makes shorts safer, but only taken at extreme levels, like yesterday’s CME gap close and re-test of developing month VWAP. Once price start trading below developing month VAL it will be easier to dump it lower. But so far it moves above it and there is a chance for another pump towards 26178-26261 zone – that is for new shorts.

A bit harder with longs since we are in downtrend, but following max pain logic we should wait for liquidation of stops below one of previous important levels: 25700 / 25650 / 25600.

Since today is PPI and Feds Interest Rates decision there will be lots of volatility. Similar to yesterday may expect pump/dump/pump and so on it price collects enough blood and liquidity to move in one or another direction.
@CryptoBullTrades


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