I want to build $BTC positions as long as price is above these recent pivot high AVWAP’s. $BTC popped above 2 of those following yesterdays rate cut news, and is approaching the third this morning.
Can’t ignore the heavy overhead supply, but contrarily, $BTC has been a laggard to the QQQ 0.00%↑ for most of the past 6 months. This might be a trend we see reversing here.