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I am not currently in a trade.
Market is sending mixed signals and there is a high chance a few traps are being set here.
We have a lot of people expecting the exact same price action from the January sweep high at 98k...
But as we can see here, Coinbase Premium looks a lot different from then. During that whole push up it was deeply in the red.
And the ETFs are bidding hard right now.
We've had spot selling on this drop but also a wipe off almost all the OI since the original impulse.
This push up seems to have a lot more support than when we were at $98k.
Observing for now.