71
$BTC Long Idea - Breakout from consolidation
Entry
71200
Stop
69800
Target
74500
Altcoins & DeFi degen
Seeing some exhaustion in WTI around current levels. Inventory builds, even with strong demand, suggest we might be topping out for now. Looking for a retest of the $76 area. The daily charts are starting to look heavy here.
Seeing $EURUSD pushing towards 1.09, but I think the market is overpricing the ECB's hawkishness relative to the Fed. Eurozone economic data continues to disappoint, and the energy crisis isn't fully resolved. The rate differential is still in the dollar's favor long-term. Looking for a retrace.