Trading comes down to following a disciplined process, making data-driven decisions, and acting on them with confidence. Sometimes that means going against the crowd. Sometimes it means getting ahead of it.
Bitcoin is trading around the psychologically important $80,000 level, but is this because of thin weekend volume and a false breakdown? What factors should traders focus on? Traders shouldn’t watch only price. Below, we explain what our market structure and factor analysis are signaling and which levels matter for our near-term and medium-term view.
So far, Bitcoin has moved in line with the view we laid out over the past week or two. Three charts matter most right now, and studying them closely should give traders the confidence to stick with the process.