
                                    <div>
                                      <h3>Market View</h3>
                                      <p>Neutral on BTC, wait for a new range to form</p>
                                      <h3>Trading Strategy</h3>
                                      <p>Be patient, open fresh positions only after a range develops</p>
                                      <h3>Core Logic</h3>
                                      <p><ol>
    <li>
BTC is up almost 20% from the lows
    </li>
    <li>
better risk/reward by waiting for a range to develop
    </li>
</ol></p>
                                    </div>
                                    

Bitcoin / $BTC
Need to wait for some kind of range to develop before any fresh positions.
Here's an early idea of what that "new" range *could* look like with recent PA.
Almost up 20% from the lows. Probably better R:R to be patient and let things develop from here.

Twitter

Bithumb, one of South Korea's largest cryptocurrency exchanges, has just shaken the market with a serious internal incident related to the distribution of rewards...

A Bithumb exchange employee accidentally 'gifted' 2,000 Bitcoin to a user, causing the price of BTC on the exchange to suddenly drop by 10%.

BitMEX co-founder Arthur Hayes wrote that the recent Bitcoin crash may stem from traders' concerns about IBIT (BlackRock) […]
The article, "Arthur Hayes Speculates on BTC Crash Cause: 'Institutional Hedging Operations': IBIT Options Explode $900 Million," was originally published on BlockTempo, the most influential blockchain ABMedia media.

Arthur Hayes speculates that the reason for the BTC crash is "institutional hedging operations": IBIT options saw a surge of $900 million.

Bitcoin ($BTC) has recently gone through a sudden shift on Bithumb, a well-known South Korean crypto exchange. In this respect, the $BTC/KRW trading abruptly plummeted over 10% below the worldwide ave...