The price action on Bitcoin is…

The price action on Bitcoin is still slow- choppy and slow bleeding. Yesterday I mentioned that $62k was resistance and this was the case on multiple re-tests yesterday. Now BTC is looking weak above $61k too. I cannot ignore the big liquidity still under $60k, it is very likely to be tested even if we do not make new lows.

Maybe a liquidate late longs and pump scenario. We have US GDP today so there is a chance of volatility from this. We have limit orders in place and I will be ready to react to whichever way the price breaks.