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Assessment: A lot of requests to cover crypto. I am only covering Bitcoin because really BTC is the bellwether…when BTC sells, most others are selling and when BTC moves up, most others move up.
BTC Chart: https://sblk.io/s/YdNdi7TGh3SxtMz
My take is simply that we got a rebound today on the tariff news which sent stocks skyrocketing as shorts covered. The liquidation of assets stopped and BTC bounced too…up to a key pivot which will act as resistance. Next resistance are the moving averages, round number resistance at $90,000 and then the top blue pivot point on the chart.
If I am in a trade, I ride positions when they break a pivot and then use a break of the pivot by 1% as a good exit point, but that’s me and everyone should assess their trading with a licensed financial advisor before engaging in ANY trading activity.
Good luck in your trades!