Daan Crypto Trades
Daan Crypto Trades|May 16, 2025 20:02
BTC My view on things. Price saw a sharp move post Tariff drama, outperforming stocks in doing so. Since some of the trade uncertainty got cleared up, stocks kept going while BTC stalled. The big ATH level sits right above. If price were to go back into price discovery then that could be the momentum it needs. Until then, we're range bound and stuck in a small consolidation. 90K remains my long term line in the sand for spot exposure. I will consider cutting bags if price were to drop below that level as that'd mean we lose the range again which has not happened prior this cycle. So cautiously bullish as long as we trade above 90K. But I did like the risk/reward more last month when BTC was showing relative strength and was trading 20-30% lower. Now we're seeing relative weakness the past few days as price is trading near resistance. I would not be surprised to see a short term flush if stocks were to roll over and make a higher low somewhere. Considering most stocks moved 30-50% in a single month, this wouldn't be that crazy either.
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