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Mian Bilal Ali
10.1｜$BTC Early Session Thoughts
Today's trading idea is very clear: mainly short on rallies, no chasing longs without incremental positive news.
$BTC is currently around 83,500. Last night, PCE was below expectations, core YoY at 3.0% vs. expected 3.3%, prices instantly surged to 85,600, then were pushed back down to 83,400. The issue isn't the candlestick itself, but after dropping from 87,300, the 85,000-85,600 range has been repeatedly rejected; bulls break out but quickly fall apart.
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