It's a bear trap

Btc bear trap just as last time.

-Things to watch
CB buy walls
CME price below spot price
Arbitrage prices on lev and spot
Fillings of cb whale orders
Open interest drop off

They are all happening right now while the majority of the market is scared and selling into the limit orders of whales.

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imgur.com/a/k9da0st

OB and fillings, Stacked bid side at 6300

Сделка активна:

Entry 6500, look for a flip of 21EMA 1H

Im only 50% in right now, left rest of table in case we got to 6300.
Might add on a s/r flip.

Сделка закрыта: достигнута тейк-профит цена:

Target reached, staying neutral until price calms down for a bit and gives a clear direction again.

Righ now we are coming up to the descending triangle, we either ride it as resistance for a while or we break through it and wil look if it can flip s/r

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I am 1x short from higher up, direction is still down because we are still in pattern. Trading in this mid range can be very dangerous and will likely get you chopped up.