No longs until 63K is taken

12 באוג׳

Morning folks,

So, Thursday plan worked nice - market was around 63K. Now situation is a bit tricky. First is, geopolitical situation is coming to the boiling point. Any activation in Iran will make negative impact on BTC, besides [b]we have bearish grabber on 10-year bonds, suggesting drop back to 3.65% level. So geopolitical worryings are not in vain.

Gold is opened up today as well... Besides, on BTC itself we also have bearish grabber. Situation with sell-off in Japan is also not clear by far. And we get GDP numbers this week. So, BTC could become ones again the major sell-off victim.

That's why, until market keeps daily grabber valid we stay aside from any long positions. This risk will be erased if price jumps back above 63K area again.