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$BTC
Price move up 2k, then rejected again and is now back at entry. Exiting longs here break even for now.
Those aggressive shorts I pointed Yesterday at 94.9k have been cleared with a 2k move up. I wanted to hold a bit longer to see if we get a move up on Friday and pivot high timeframe.
But not great to see another attempt run up and reject again before the weekend.
I could hold here, and there is quite some contemplation to hold low size positions here. But personally I think it's smarter to exit again break even and wait out the weekend, no point in holding through.
Weekend lows likely to form, a CME gap, and other elements to trade off locally for a better setup.
Good times to be out of the $BTC swing trade market for a few days to re-evaluate for me.
My apologies for the low conviction for now on this second attempt, will be back on it.
I want to be clear that my high time bullish conviction is still very high and this small rejection changes nothing. And I am still very, very confident in 112k, and new ath's. And those are big moves worth catching.
So it's just about continuing the search for a better entry now, best done after the weekend at this point. Until then, protecting the gains from last weeks as much as possible, whilst avoiding unnecessary mistakes.
To be continued.

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