BTC

Few days ago, I made a post on buying the BTC on breakout, while it had made the breakout, there was no follow through after the breakout and it only go 500 pts higher before hitting my stop at 8500.

The drop was so quick in this morning and very orderly that there is no much basis widening in future and spot that happen for the previous meltdown. Further, the drop has quickly rebounded at 8k level so that it looked to me as an isolated sell.

Bear in mind that the halving will come soon and there may be heightened volatility up or down. Stepping a side until further price action confirm where the direction will go. But I will get more bullish if the price go back up to 9.5k and above such that it means there is sufficient demand to push the price a bit higher.

Stay safe and healthy~