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The BTC 4-hour chart is pretty interesting right now—the price is stuck firmly in this 89,000 to 90,000 range, moving back and forth within this box.
If you ask me, instead of chasing longs around the 89,000 level, it’s better to watch for a short setup near 90,450. The risk-reward ratio is more favorable.
Now it’s just a matter of when the whales make their move: will they take advantage of low weekend liquidity to flush out the retail traders chasing longs, or wait until the Monday open for a quick wick?
It feels like something big could happen after such a long consolidation. Make sure to manage your risk.